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Nasdaq 100 futures hammered
The reaction across the tech sector to the weaker than forecast US jobs report has seen the Nasdaq 100 futures hammered. The index, which closed much lower last night anyway, at 18,890 was being priced to reopen later this afternoon as low as 18,385. It is off that low now, but barring a miracle over the next 45 minutes, it is going to be an ugly opening for the Nasdaq today. The index is going to to open below its 100 day moving average (in place as of the close last night at 18,726). The current indication is for an opening at around 18,480
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