Skip to main content

Nasdaq 100 leads US stocks lower on Friday- Futures edge lower so far today

Well, there were no further gains across the US stock markets on Friday. All three major indexes ended the week in the red. The worst performer was the Nasdaq 100, which this time closed 1.36% lower. That compared to a 1.11% loss for the S+P 500 and a loss of 0.77% for the Dow Jones. Naturally, with the Nasdaq leading the way lower, the S+P 500 was the more impacted of the other two. As far as tech components were concerned on Friday, the standout losers were Tesla (-4.95%), CrowdStrike (-2.76%) and NVIDIA (-2.09%). So, the Nasdaq 100, which opened lower (previous close 21,768), at 21,633 never got above the reported high, at 21,642 and spent the rest of the session falling back to a low at 21,292, just after the European close. However, it did rebound from there to later close, 295 points lower, at 21,473. Incidentally, that close was just above its 21 day moving average, in place then at 21,467. Also to note here; that the price action since early September has remained above its 50 day moving average. There might be more to add on that later. Overnight the Nasdaq 100 futures have slipped a little, in keeping with similar moves seen in the S+P and the Dow. That downside comes as the Nikkei 225 drops back below the 40k handle in Asian trading so far today 
 

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!