Tech is getting hit from every angle this morning, and the Nasdaq is leading the damage.

Tech is getting hit from every angle this morning, and the Nasdaq is leading the damage.

Futures first. SPY down 0.77. QQQ down 1.9 — that's your tell on where the pain is concentrated. IWM down 0.85. DIA holding relatively firm at minus 0.25. VIX at 17.38, elevated but not panicking. Gold up 0.91 — money is rotating somewhere safe. Asian markets unavailable this morning.

Nothing on the economic calendar today. Clean tape. All the noise is self-generated.

Now the stocks.

Oracle down 6.47%, sitting at 131.54. That's the biggest mover on the board. Salesforce is the outlier — up 4.84% to 171.22, bucking the entire tech selloff. Intel down 6.12% at 103.12. AMD down 4.21% at 534.39. Broadcom down 3.98% at 384.05. Nvidia down 3.52% to 203.53 — semis are broadly underwater. Tesla down 3.19% at 394.76.

Two names breaking from the pack. Exxon up 4.05% to 144.51 — energy catching a bid while tech bleeds out. Microsoft up 1.53% to 390.99 — holding green inside a sector that's getting torched. That separation matters.

Semis are in a coordinated drawdown. Intel, AMD, Broadcom, Nvidia — all red, all meaningful. Salesforce standing alone in the green is worth watching. That divergence inside tech doesn't happen without a reason.

Earnings this morning: BlackRock before the open, consensus at 12.67 on EPS. BNY Mellon also reporting pre-market, consensus around 2.23. ADX, BVFL, and CCTG also on the calendar — smaller names, watch for surprises.

No macro data to trade around today. The session lives and dies on earnings reactions and whether the QQQ finds footing after that 1.9% futures drop.

Numbers don't lie. People do. Trade accordingly.