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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
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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