Nasdaq 100 corrective rebound comes unstuck

From the start to the finish of trading yesterday it was the Nasdaq 100 that was under the most pressure. Eventually that pressure weighed on the broader market and despite the rotation in favour of the Dow Jones, that index later fell back into the red too. So, all three major US indexes closed lower last night, but the contrast between the worst and the best was stark. The Nasdaq 100 closed 1.83% lower, where the Dow Jones loss was just 0.31%. The S+P 500 was as usual in the middle, due to the major tech names also quoted on that index. So, that ended the day 1.12% in the red. The leading losers on the Nasdaq 100 were Arm Holdings, Marvell Technology, NVIDIA and Tesla and all in that order. The Asian markets are mixed today with contrasting losses in Tokyo and gains across the China and Hong Kong. The Nasdaq 100 fell to a low at 19,848 yesterday after reopening at 20,239. It later closed 370 points lower, at 19,916. So, as you can see, for the time being any chance of a deeper corrective rally was brought to an abrupt end last night. The opening call this morning is not much improved either. The Nasdaq 100 is currently priced to reopen around 19.945