Reported 1 day ago
The Nasdaq 100 has broken a significant streak by closing below its 200-day moving average for the first time in nearly two years, marking the end of a 497-day uptrend. Major tech stocks, including Amazon, Nvidia, and Tesla, have seen substantial declines, with the broader Nasdaq Composite entering correction territory. This downturn is influenced by ongoing tariff concerns affecting corporate profits, leading investors to shift from high-valued tech stocks to more defensive options.
Source: YAHOO