Nasdak 100 mixed with NVIDIA’s acquisition before profits, while Apple and Tesla weighs feelings
- The Nasdaq 100 index is likely to run on the broader market morale to record gains, but there are still concerns about two main arrows.
NASDAQ 100 (Indexnasdaq: NDX) has returned to losses in the last consecutive sessions, but was appointed to resume trading on a high note due to a decrease in aversion to risk. The heavy technology index is likely to suffer from a higher level of fluctuations as the AI Belwether Nvidia (Nasdaq: NVDA) is preparing to release its quarterly profit results. Future traders have already referred to the basic tendency to put aggressive bets in the early hours of trading on Tuesday, with the Nasdaq Future Index increased by 1.4 % at the time of writing this report.
Being a weighted indicator in the market makes the Nasdaq 100 index vulnerable to the big decreases when you lose its largest traction. In this case, Apple (NASDAQ: AAPL) is under pressure from the possibility of a 25 % trade tariff barrier on iPhone devices that US President Donald Trump threatened recently.
The shares of “Seven Magnificent Seven”, Tesla (NASDAQ: TSLA), whose weight represents 3.1 % of the NASDAQ 100 index, will be subjected to tremendous pressure after reporting another sharp decrease in sales. The EV manufacturer, led by ELON Musk, saw its sales in Europe by 49 % in April, although the broader EV industry, which is experiencing 27.8 % growth in the same period. The monthly decrease in a row in a row in sales does not bother the company well, especially given its recent upgrading of the Y
Nasdaak 100 index forecasts
The momentum is preferred on the upper Nasdaq 100 index to the top of 21,860 points. With the control of buyers, the index is likely to fulfill the initial resistance at 21440. However, a stronger upward momentum will violate this level and may send the index to test 21,775 points.
Instead, breaking less than 20,860 points will send momentum towards the negative side. This is likely to witness the first support created in 20462. The collapse under this level will nullify the loud direction. In addition, the resulting momentum can send a decrease in the index and test 20,114 in the extension.
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