Equity index futures fell sharply as rising interest rates and heavy tech selling weighed on markets, with the 10-Year Treasury yield reaching 4.7%. Meanwhile, initial jobless claims dropped to 187,000, marking the lowest level since 1969 and highlighting labor market resilience. In equity derivatives, put options volume surged, accounting for roughly 70% of overall E-mini S&P 500 futures activity. In crypto markets, Bitcoin traded under $65,000 as lawmakers in Washington circulated a new draft of the Clarity Act market structure bill. Scott Bauer discusses.