Nasdak 100 faces the worst decrease for one day in years
The NASDAQ 100 index has witnessed a 4 % sharp decrease, as it was closed at 17,468.32, which represents its worst trading session since 2022. The heavy technology index suffered large -scale sale, as investor morale turned into declining amid fears of high interest rates, slowdown in the economy, and increased political geographical concessions.
Large technology collapse: Fang shares decrease
Faang Stocks – Meta (Facebook), Amazon, Apple, Netflix and Alphabet (Google) – deeply affected. These shares, which were leading the market gathering during the past year, have witnessed great losses:
- Meta (Meta): 6.5 % decreased, erasing billions in the maximum market.
- Amazon (amzn): 4.2 % decreased amid fears of slowdown in consumer spending.
- Apple (AAPL): 5.1 % decreased, and the declining direction is continuing due to weak iPhone sales.
- Netflix (NFLX): decreased by 7.3 %, the worst decrease in one day in more than a year.
- Alphabet (Googl): 4.8 % slipped as a prosecutor weighing on feelings.
Technical Analysis: NASDAQ 100 levels of support and resistance
- Immediate resistance: 19,430 – If the indicator is bounced, this will be the first main obstacle.
- The main resistance above: 19,896 – A break above this level can reflect the declining direction.
- Main support levels:
- 19,164-This level failed to keep it during the sale, which confirms the declining momentum.
- 18,432 – Calmical Support level; The breakdown can lead to more losses.
- 17,445 – the following main support, in line with its lowest levels last year.
Why is Nasdaq 100?
The sharp decrease in NASDAQ 100 is significantly due to high interest rates, weak profit reports, and uncertainty in the technology sector.
Many major technology companies have published disappointing profits and issued weaker guidelines, which led to sales and merchants coming out of the most dangerous assets.
The enthusiasm of the refrigeration around artificial intelligence and high -evaluation technology shares previously was a major driver for market gains.
Geopolitical tensions and economic interests, especially China’s slowdown, have exacerbated investor concerns.
The bond returns are escalating makes assets free of risk such as a cabinet more attractive, which leads to the shift from arrows.
Final ideas
The sharp decline on the Nasdaq 100 Stock Exchange indicates a significant transformation in the market morale, with technical shares under pressure amid increased uncertainty. Traders should remain careful, monitor the main technical levels, and control their strategies based on market conditions.
