On Tuesday saw a 2% decline among futures tracking the Nasdaq 100 index, following a report on the first full trading day where SoftBank made significant opinion purchases during a Wall Street rally, ever since March following crashes and turmoil due to the novel coronavirus.

An estimated $10 billion was spent by Softbank for the purchase of shares and sources, as it discussed with Reuters about more spent on the purchase US stock derivatives. The Financial Times first reported on these derivative purchases on Friday.

 Last week saw a stop in Wall Street’s tech-fueled rally, following the Nasdaq plunge of 3.3% in its recorded worst since the pandemic linked selloff seen in March. The five-week winning streak was thwarted as the benchmark S&P 500 ended 2.3% lower.

At 6:01 am ET, Nasdaq 100 e-minis were down 271.75 points, or 2.35%, S&P 500 e-minis were down 20.75 points, or 0.61% and Dow e-minis were up 10 points, or 0.04%.

Tesla Inc slumped 11% in premarket trading after the electric-car maker was excluded from a group of companies being added to the S&P 500.