Nasdaq 100 Analysis: Tech Stocks Face Sell-Offs - Action Forex

@ the Bell: Fed watch - Energy surges, tech tumbles

Canada’s main stock index ended trading on a positive note Wednesday, as investors turned their attention to the upcoming annual symposium hosted by the US Federal Reserve, hoping for clues about future monetary policy. Within the TSX, energy stocks led the gains, while industrials, mining, and technology shares saw the steepest losses. In the US, stock markets showed mixed performance. The NASDAQ fell sharply, weighed down by a broad-based decl…

Nasdaq 100 Analysis: Tech Stocks Face Sell-Offs - Action Forex

As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) fell by approximately 1.6% yesterday. According to media reports, bearish sentiment has been fuelled by the approach of key events: → the release of the FOMC meeting minutes (today at 21:00 GMT+3); → Jerome Powell’s speech at the Jackson Hole symposium […] The post Nasdaq 100 Analysis: Tech Stocks Face Sell-Offs appeared first on Action Forex.

Nasdaq 100 Analysis: Tech Stocks Face Sell-Offs

As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) fell by approximately 1.6% yesterday.According to media reports, bearish sentiment has been fuelled by the approach of key events: → the release of the FOMC meeting minutes (today at 21:00 GMT+3); → Jerome Powell’s speech at the Jackson Hole symposium on Friday. Market participants are preparing for remarks from the Fed Chair on the trajectory of interest rates.Notably, the S&…