Nasdaq 100, S&P 500 Outlook:The Nasdaq 100 pressed to new heights on Tuesday earlier than pulling again barely on information
Nasdaq 100, S&P 500 Outlook:
- The Nasdaq 100 pressed to new heights on Tuesday earlier than pulling again barely on information of an FTC overview into among the index’s largest tech members
- Equally, the S&P 500 waded into uncharted territory and can look to prior resistance as help transferring ahead
- Elsewhere, copper and crude oil have begun a modest rebound which may counsel the preliminary financial shock of the virus has handed
Nasdaq 100 Forecast
The tech heavy Nasdaq 100 pressed to new heights on Tuesday as Fed Chairman Jerome Powell spoke on financial coverage and the financial system. In his remarks, Chairman Powell downplayed the affect of the coronavirus on the US financial system whereas affirming invoice purchases will proceed into the top of the second quarter.
In response, the US Dollar wilted, and shares had been bolstered till it was introduced the Federal Commerce Fee ordered Fb, Amazon and Google to show over proof for a merger overview – a theme that would present uncertainty for the Nasdaq within the weeks forward.
Nasdaq 100 Value Chart: 2 – Hour Time Body (January 2020 – February 2020)
However, the speedy response was muted, and the menace might be forged apart altogether till extra progress is made and potential reparations – if any – are made identified. Consequently, the Nasdaq might stay tied to…