With 2 more hours to go before market closes for July 2026 first trading day - do you think a miracle will happen ? Nah !
Enclosed is the latest US market 3 major composite indexes' performances. Nothing spectacular and a little disappointing for Nasdaq if you asked me. (see attached)
With 2 more hours to go before market closes for July 2026 first trading day - do you think a miracle will happen ? Nah !
With 2 more hours to go before market closes for July 2026 first trading day - do you think a miracle will happen ? Nah !
Nasdaq Hammered by Chip Rout: Buy the Dip or Take Profits?
The Nasdaq 100 ETF fell 1.52% as a broad semiconductor collapse overwhelmed gains from Meta and the broader Magnificent 7, with the index dragged lower by what traders are calling an 'AI hardware bloodbath.' Capital appears to be rotating out of AI hardware and neocloud names into application and platform leaders such as Meta and Palantir. With tonight's ADP payrolls coming in at a soft 98,000 ahead of the NFP print, sentiment is growing more cautious. Will you follow this rotation from hardware to software?
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