Mega-cap firms Apple Inc AAPL.O and Microsoft Corp MSFT.O fell 3% each in premarket trading, with Nasdaq 100 futures .NQcv1 plunging by a similar margin. "We view it as increasingly likely that a recession and higher unemployment will be necessary to tame inflation: with such a gloomy macro picture looming over the markets," said Geir Lode, head of global equities at Federated Hermes Limited. Twitter Inc TWTR.N firmed 2.6% ahead of Elon Musk's meeting with its employees after a report said he was expected to reiterate his desire to own the social media company.