US Tech 100

The DJIA, S&P 500, and Nasdaq 100 all look vulnerable to more downside as long as this week’s highs hold.

Tech earnings optimism underpins recovery for now, but markets still remain vulnerable. US bond yields remain elevated ahead of a record $70 billion sale. Nasdaq 100 technical analysis shows index is testing key resistance.

The Nasdaq 100 is finally showing signs of breaking down from its 2-month sideways range between about 17,800 and 18,400 ahead of the Magnificent Seven stocks' earnings reports.

The S&P 500 extends losses to third week amid raised geopolitical risks and rising bond yields. Concerns over the escalation of the situation in the Middle East is at the forefront of investors’ minds. The situation remains volatile with Israel seeking revenge for Iran’s retaliatory attacks on Saturday.

US indices are seeing diverging performance, with the DJIA looking relatively weak and the Nasdaq 100 uptrend remaining healthy.

Nasdaq 100 analysis: What’s driving the market right now? Well, not much. PPI was mixed, which eased inflation concerns somewhat after a hot CPI report the day before. The focus is now turning to the first quarter earnings season. JPMorgan, Wells Fargo and Citigroup will start bank earnings on Friday.

The DJIA and SPX are seeing bullish consolidations after breaking out to a record highs last week, while the Nasdaq 100 is testing the top of its 1-month range at record high, with a potential breakout targeting 19K.

We have a shorter trading week due to the long Easter weekend. As there is a lack of top-tier data, we take at how the US dollar index, Nasdaq 100 and gold have performed around this time of year.

Shares on Wall Street opened higher today, after index futures regained some ground lost during Wednesday’s sell-off that was triggered by a hawkish FOMC.

US index futures traded mixed with the Dow futures rising alongside firmer European markets, while the technology-heavy Nasdaq futures underperformed following earnings from a few tech giants that failed to live up to high expectations, ahead of a busy next few days in the markets.

Investors consider key risks facing stocks, with Core PCE inflation coming up, ahead of FOMC and NFP next week. European stocks surge on LVMH earnings beat. Meanwhile, Nasdaq 100 technical analysis shows some warnings signs for bulls.

The Magnificent Seven stocks made up more than 100% of the S&P 500's earnings growth last year - how will their Q4 earnings fare?

In the wake of the dovish rate-cut euphoria that had propelled stocks to record highs at the close of the previous year, many investors are now left wondering whether they pushed stocks too high, too soon.

Yesterday’s big bearish reversals in the DJIA, S&P 500, and Nasdaq 100 complicate the otherwise strongly bullish outlook.

With near-term earnings risk now accounted for among the ‘magnificent seven’, it means macroeconomic and bond market movements will likely dictate how the Nasdaq 100 closes out 2023.

US stocks inch higher, consolidating after a strong rally across November. Expectations that the Fed is done hiking rates has boosted demand for equities. Investors are in wait and see mode ahead of the FOMC minutes tomorrow and Nvidia's earnings. Microsoft is in focus after hiring Sam Altman the ex-CEO of open AI who was ousted by the board on Friday.

The Nasdaq and S&P 500 both seem somewhat overbought following a rapid three-week surge. Wednesday's price action has raised the possibility of a short-term pullback. Despite this, it's essential to differentiate any potential short-term weakness from a bearish reversal, unless price action on the charts or a strong pushback from the Federal Reserve indicate otherwise.