Nasdaq 100 futures in the red today following rebound from 19,736 low on Friday

On Friday afternoon US tech stocks got whacked again. That saw the Nasdaq 100 fall further into correction territory and slide to a new 2025 low, at 19,736, as the European markets drew to a close. However, the rebound that followed saw it rise back above 20,200 (20,253 the high) and later post a positive daily close to end the week. The Nasdaq 100 later closed 148 points higher, at 20,201. It is certain many Nasdaq bulls would have settled for that close around 4 hours earlier, when it looked like a real meltdown was on the cards ahead of the weekend. That does not mean to say it is at all out of the woods yet, because despite rebounding more than 500 points off the lows, the index did not rebound enough to force a close back above its 200 day moving average (in place then at 20,247). Overnight and this morning, the Nasdaq 100 futures have taken another hit and that has seen the index price an opening earlier to around 19,900 at one stage. It is currently priced to reopen around 20,070