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The Q2 earnings report from Amazon (AMZN) has just been released and it has been mixed, but revenue was short of forecasts and so were some of the other components. Ahead of the Nasdaq 100 was pairing its earlier losses into the close. The index had been hit hard earlier, falling from a session high at 19,538. The Nasdaq had crumbled to a low at 18,737 and bulk of those losses came after a final afternoon update here had warned of a gathering risk-off dynamic impacting all the US stock markets earlier. The index was pushing back towards 18,900 heading into the close. The results from Intel (INTC) were not good and missed on a number of fronts. The impact of these results has sent the Nasdaq 100 futures lower, with the immediate reaction seeing AMZN down by around 4% in the grey market after the close. Intel is down by around 9%. Next up comes the equally, if not more important Q2 results from Apple (AAPL), at 8.30pm GMT. The Nasdaq 100 futures are currently pricing a reopening for tomorrow at 18,815
Earlier today the slide in the dollar allowed the Pound to have a very close look at a level mentioned here many times before. That is the 2024 high...
Since the last update here on the Nasdaq 100, the index has suffered further selling and a lot of that is heavy losses across the big tech sector. The...
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