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Yesterday the Nasdaq 100 turned lower, driven back initially by losses in ASML and that stock later closed 16.26% lower on the day. However, it was not the only tech stock to incur losses yesterday. Arm and AMD both shed more than 6% and 5% respectively and even NVIDIA handed back 4.69% on the day. So, the Nasdaq 100 closed 1.37% lower and that compared to a loss of 0.76% for the S+P 500 and 0.75% for the Dow Jones. Hence, all the good news from the major earnings reports noted yesterday did not count for much by the close across the US markets. Overnight the Nikkei 225 has led the downside in Asia, but the Nasdaq 100 futures have rebounded slightly. The index did put in place an outside day reversal yesterday (as did the Dow Jones too, from what was a record high), when it ended the day 279 points lower, at 20,159. The index futures are just now pricing the opening for later today, at around 20,220
It has been a positive session so far for all the US equity markets this afternoon and all three major indexes are in the green leading into the 4pm...
The US stock markets have just reopened. Ahead of this all three major index futures were clearly buoyed by the US data releases this afternoon...
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