In today's equity index futures markets, the S&P 500 futures traded lower for a second consecutive session, testing the 7,500 handle. On this expiration Friday, high volatility was driven by position rolling across major indices. While early U.S. economic data came in mixed and largely met expectations, broader macro factors weighed heavily on investor sentiment. Geopolitical tensions in the Middle East and a rally in WTI Crude Oil futures to one-month highs added to the market's downside pressure. The tech sector experienced pronounced relative weakness, with the Nasdaq-100 facing notable selling. As a result, major benchmarks gave up their early July momentum, leaving the S&P 500 futures poised to close at a new low for the month.