Nasdaq, S&P futures stay red as volatility spikes and bitcoin fall
Nasdaq and S&P 500 futures traded lower on Tuesday as volatility surged and Bitcoin extended its slide. Traders cited fears of an AI bubble and the lack of imminent rate cuts as markets closed below their 50-day SMAs. The VIX jumped nearly 13% on Monday, with futures rising another 7% overnight. Retail traders are looking to potential Saudi deals for relief.