The market is experiencing significant selling pressure across various sectors, with major indices like the Nasdaq 100 and S&P 500 down significantly in pre-market trading. Individual stocks such as NVIDIA, Tesla, Google, Amazon, QQQ, SPY, XLF, XLY, TLT, XLE, XLU, and XLP are all showing bearish trends, with many down 2-5% or more. The VIX index has spiked significantly, indicating increased volatility and fear in the market. Commodities like silver and gold are also experiencing some downward pressure, reflecting a broader risk-off sentiment. However, a few sectors and stocks, like energy and certain semiconductor companies such as MU, are showing resilience or even upward momentum. Investors are closely watching upcoming earnings reports and economic data for further direction. The market seems to be reacting to increased inflation concerns and potential Fed rate hikes.