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Dow Jones run comes to an end as rotation reverses back to the Nasdaq 100
Yesterday the rotation out of tech and into the Dow Jones came to an abrupt end. This was noted here well ahead of the opening and once live trading resumed it did not look back. So, eventually the Dow Jones closed the season 299 points lower, at 39,112, whereas the Nasdaq 100 closed 226 points higher, at 19,701. Overnight the Nasdaq 100 futures have slightly outperformed again, but just now it is not exactly clear, if the shift seen in the pricing dynamic will be continued again today. There are sure to be many more twists and turns to this ever changing trend, but whatever happens by the close tonight, this is the main game in town when it comes to US equity market trading at the moment
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