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As reported on here yesterday, it was once again positive tech rotation that delivered new records for the Nasdaq 100, at the same time as sending the Dow Jones to another lower close- a fifth straight day of losses for the Dow. Meantime, the Nasdaq 100 was lifted by gains in several of the usual suspects. Broadcom and Tesla were at the top of that list, with the likes of Alphabet and CrowdStrike also in the mix. NVIDIA was not far behind them too. So, the Nasdaq reached a new record high, at 21,784 and it did not close much below that record. The index set a new all time record close, at 21,763. The futures are a little lower this morning though and that is because the Dow Jones future is under pressure again ahead of the European opening. So, the Nasdaq 100 is currently priced to reopen later on, at around 21,730
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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