Nasdaq 100 plays catch-up with the Dow Jones as tech rebounds

Earlier today it was most definitely a case of rotation out of tech and back into cyclical and that Nasdaq open almost unchanged from where it had closed on Friday. The opening for the Dow Jones was much more positive though, as that kicked off the new week with a gain that led it swiftly as high as 53,224. 

However, over the past 3 hours since the opening the Dow Jones has fallen back and dropped to below 53k, at the same time as the Nasdaq 100 has rebounded and lifted above 28,700. It is worth noting; the earlier high in the Dow was not far short of the all time high it set on July 7, at 53,289. 

So, as you can see the Nasdaq 100 has caught up with the Dow and in relative terms right now it is outperforming. We shall now see if that continues into the close tonight. The Nasdaq 100 is currently trading at 28,715