(Corrects day in first paragraph to Tuesday from Monday)
* Futures: Nasdaq down 2.35%, S&P off 0.61%, Dow up 0.04%
Sept 8 (Reuters) - Futures tracking the Nasdaq 100 index fell 2% on Tuesday, on the first full trading day after a report said SoftBank made significant option purchases during a Wall Street rally since a coronavirus-driven crash in March.
SoftBank spent roughly $10 billion buying shares and sources told Reuters it has spent more buying derivatives in U.S. stocks. The Financial Times first reported on these derivative purchases on Friday.
Wall Street’s tech-fueled rally halted last week, with the Nasdaq plunging 3.3% in its worst week since the height of the pandemic-linked sell-off in March. The benchmark S&P 500 ended 2.3% lower, snapping a five-week winning streak.
At 6:01 a.m. 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. (Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)
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