Nasdaq-100 futures reversed from records ahead of PCE data.

June Nasdaq-100 futures contract established a new all-time high of 30,379 before reversing gains to trade slightly below the flatline down 0.08% near the close. This shift made it the weakest performer among the major index products. Equity markets experienced sector rotations as WTI Crude Oil futures slid below $88 per barrel on growing optimism regarding an Iran peace deal. This decline pulled energy shares lower while simultaneously boosting risk appetite for major technology names, such as Micron Technology, which recently crossed the $1 trillion market capitalization milestone. Investors are heavily focused on tomorrow's release of the core PCE price index, the Federal Reserve's preferred inflation gauge, which is expected to show a 0.3% month-over-month increase and a 3.3% year-over-year advance, alongside headline figures projected at 0.5% and 3.8% respectively.