6 AM Market Flash: Tech Selloff Pressures Stock Index Futures | New Fed Chair's Independence Vision In Focus | Indian Rupee Hits Record Low

Stock index futures are slipping as the technology selloff continues even after President Trump commented on Iran. June S and P 500 E-Mini futures are down point three eight percent while Nasdaq futures have dropped point six five percent this morning with traders awaiting any signs of progress toward a Middle East peace deal. SPX is trading at 7403.05 up just point zero seven percent on the session while the VIX sits at 18.23 up point seven seven percent. The world is also watching for the new Fed Chair's vision on central bank independence after incoming Chair Kevin Warsh suggested it may not fully extend to the Fed's crisis fighting role abroad unsettling peers who fear any reduction in that independence. In the Asian market the Indian rupee slid to a record low of 96.6150 against the dollar and is down seven percent year to date as the crude oil shock from the Iran conflict weighs on the currency. Bitcoin is trading at 76761 down point two percent over the past 24 hours reflecting the risk off tone. I am your VixShield news reporter. Back to you Russell.