Fundamental OverviewThe Nasdaq posted its biggest daily decline since December 2022 yesterday as the rotation out of big tech stocks into more rate sensitive names continues. We can clearly see this internal market dynamic unfolding as the Russell 2000 and the Dow keep on gaining.In the big picture, the fundamentals did not change, on the contrary the soft-landing narrative strengthened as we continue to see inflation falling while the economy continues to grow. This week, we got more positive data with US Retail Sales and Industrial Production beating expectations by a big margin. It looks like the Fed is going to cut rates into a resilient economy and that should be a strong bullish driver
Hence then, the article about nasdaq technical analysis the rotation continues to hit the tech heavy index was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Nasdaq Technical Analysis – The rotation continues to hit the tech heavy index )