Category: Nasdaq
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Nasdaq Technical Analysis – We have erased the growth scare
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Basic Overview Finally, the Nasdaq managed to erase the entire decline in the Institute for Supply Management (ISM) manufacturing PMI as the market’s “growth concerns” faded. The first catalyst was the healthy US jobless claims on August 8.D In August, this eased concerns about a deteriorating labor market caused by…
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S&P 500, Nasdaq futures point higher with key inflation data looming
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U.S. stock futures were mostly higher on Tuesday as Wall Street prepared for key inflation data. Futures tied to the S&P 500 (ES=F) rose 0.2%, while futures tied to the tech-heavy Nasdaq (NQ=F) rose 0.3%. Dow Jones Industrial Average (YM=F) futures hovered just below flat. Investors are awaiting a slew…
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Nasdaq Technical Analysis – The rout in the Japanese markets impacted globally
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Basic Overview At one point, it looked like the worst was over, with the Nasdaq up nearly 5% in a single day following the Bank of Japan and FOMC decisions. Unfortunately, the next day we got the ugly US ISM manufacturing PMI, which sent the market into a defensive and…
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A technical look at the S&P and Nasdaq indices. Both trading near key levels.
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The Nasdaq opened lower, then rallied and briefly moved above the 100-day moving average at 16,876.83. Just above that is the 50% retracement of the move up from the May low to the July high. That level reached 16,946.92. Today’s high reached 16,920.63 between the two levels. Buyers have turned…
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Nasdaq on course to confirm correction as recession fears mount By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks fell for a second straight session on Friday, confirming a slide into correction territory after a weak jobs report raised concerns about an impending recession. Nonfarm payrolls increased by 114,000 jobs last month, the Labor Department said, well below the 175,000…
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S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – The Nasdaq Composite and Nasdaq Composite posted their biggest daily percentage gains since Feb. 22 and the Dow Jones Industrial Average rose on Wednesday as chip stocks surged and the Federal Reserve left interest rates unchanged while signaling possible easing in September if…
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S&P 500, Nasdaq gain to kick off huge week for markets
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U.S. stocks rose after temporarily turning negative on Monday to start a big week filled with the Federal Reserve’s interest rate decision, a jobs report and big tech earnings. The Dow Jones Industrial Average (^IXIC) recovered from earlier losses to hover near the equator, after the blue-chip index surged more…
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Earnings from AI giants could push the Nasdaq 100 over the edge
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The massive exodus of big tech companies has sent the Nasdaq 100 down 8% in just two weeks, putting it on the verge of a correction. Whether it can avoid that dubious event will likely hinge on the earnings of four companies whose combined value is nearly $10 trillion. In…
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US stocks close the week with gains on the day. S&P and Nasdaq lower for the week.
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US stocks closed the week with gains during the day. The S&P and Nasdaq remained lower for the week. The Dow Jones and Russell 2000 index of small companies closed higher, with the Russell 2000 the best performing index among the traded indices on hopes that lower interest rates will…
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Shekel weakens sharply after Nasdaq declines
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Over the past week the shekel fell by 0.6% against the US dollar, but in the past month it rose by 1.5%. The shekel is declining today against the US dollar and the euro. In afternoon interbank trading, the shekel rose against the dollar by 0.83% to NIS 3.657/USD, and…
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Nasdaq sees biggest drop in 2 years as tech earnings spark selloff
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Real supportIndependent Press Find out moreClose Our mission is to provide unbiased, fact-based reporting that holds power to account and exposes the truth. Whether it’s $5 or $50, every contribution counts. Support us to provide journalism without an agenda. Major stocks fell sharply on Wednesday after several companies reported disappointing…
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Disinformation detection co Cyabra agrees Nasdaq SPAC merger
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Israeli company to detect misinformation Seabra Strategy Co., Ltd. Cyabra has entered into a definitive agreement to create a special purpose acquisition company (SPAC) with Trailblazer Merger Corporation (Nasdaq: TBMC). Upon completion of the transaction, which is scheduled for the first quarter of 2025, Cyabra will be listed on the…
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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
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U.S. stocks fell on Friday as more details emerged about a global IT outage and major averages failed to recover from a selloff that saw the Dow Jones snap a winning streak. The S&P 500 (^GSPC) fell 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.8%. Both the Nasdaq and…
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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
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U.S. stocks fell on Friday as more details emerged about a global IT outage and major averages failed to recover from a selloff that saw the Dow Jones snap a winning streak. The S&P 500 (^GSPC) fell 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.8%. Both the Nasdaq and…
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Mixed start for US stocks. Nasdaq and S&P higher. Dow lower.
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Major US indices continue to see changes in flows. Today, the Dow Jones and Russell 2000 are down. The S&P and Nasdaq are up. The current market snapshot shows: The Dow Jones Industrial Average fell -240 points, or -0.58%, to 40,425. The S&P 500 rose 3.14 points, or 0.05%, to…
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Nasdaq digs out of tech rout as TSMC shines
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Technology stocks were poised for a small rebound on Thursday from the Nasdaq’s worst day since 2022, as positive results from TSMC (TSM) helped ease concerns about the AI trade ahead of Netflix (NFLX) earnings. The tech-heavy Nasdaq Composite (^IXIC) rose about 0.7%, while the S&P 500 (^GSPC) gained about…
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NASDAQ index bounces back strongly.The selling could not extend below key target yesterday
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Nasdaq pulls away from 50-hour moving average The Nasdaq has made a quick recovery today and is currently trading up about 200 points or 1.08%. The highs have just reached 18486.45. As shown in yesterday’s video (“What Might Make the Nasdaq Fall Today and In the Future”), yesterday’s low broke…