Geopolitics gets the better of Tech as Nasdaq 100 slides into October

Yesterday the Nasdaq 100 led the US stock market losses on the first day of the new month. The index reopened at 20,046 and that was pretty much its high of the day. The fall that followed saw it drop from 20,056 to a low at 19,622, as the events in the Middle East rattled all the global markets. The Nasdaq 100 later closed at 19,773, with a loss of 287 points on the day. Today the Asian markets are all lower, but do not forget that Chinese stocks are still closed for the Golden Week holidays. The Nikkei 225 is lower and that has added some pressure onto the US futures. The whole situation in the Middle East remains highly fluid and unpredictable. Hence stock markets remain nervous and probably very easily prone to further risk aversion. The Nasdaq 100 futures are currently pricing the opening for later on, at around 19,730