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Nasdaq 100 futures cautiously in the red this morning

The Nasdaq 100 opened sharply lower yesterday afternoon. The index kicked off the new month at 21,084 after closing out January on Friday, at 21,478. Of course that close on Friday was well below its best levels seen earlier in the day, when it was closer to the 22k handle. The low point seen yesterday was set at 21,004. The rebound that followed caught a tailwind from the walk-back on US tariffs against Mexico and Canada, but that news was not enough to facilitate a higher close for the Nasdaq 100. The index reached 21,406 and later closed, 180 points lower, at 21,297. The news concerning Chinese trade tariffs today is of more importance for the tech sector and the Nasdaq 100 and that explains why the Nasdaq 100 futures are lower this morning. The index was priced to open closer to 21,125 earlier, but right now only a modestly lower opening is priced in. That is currently around 21,265, but it is surely going to chop and change a good deal before the index reopens this afternoon 
 

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