Nasdaq futures fall as hawkish FOMC minutes weigh on tech.

Bob Iaccino breaks down the latest price action in Nasdaq futures as technology stocks lag the broader U.S. index rally. The September Nasdaq contract traded lower after reversing from an intraday high of 29,757.25 to a low of 29,375.75, putting the index on track for a fourth consecutive down session. Market participants evaluated the July FOMC minutes, which highlighted ongoing inflation concerns among Fed officials, though subsequent economic data has reduced the perceived probability of a September rate hike. Meanwhile, long-term Treasury yields moved lower following the U.S. Treasury's announcement that it plans to double its long-dated buyback program starting September 9, providing some support to growth and technology equities.