The Nasdaq-100 saw mixed but resilient performance as the index worked through a heavy tech news cycle:
Tech drag early in the session:
The index opened weak after a sharp tech selloff, led by Oracle (-10.83%), which plunged on missed revenue and higher-than-expected capex, stoking concerns about whether AI-related spending is beginning to show fatigue.
Broader tech sentiment remained cautious with Broadcom slipping after underwhelming AI-related expectations.
Recovery driven by macro tailwinds:
Despite early weakness, the broader US market mood improved, helping the Nasdaq-100 stabilise as investors continued to digest the Fed’s rate cut and easing inflation pressures.
2-yr inflation swaps hit a 13-month low, reinforcing the view that the Fed’s easing cycle is intact—supportive for duration-sensitive tech names.
Global backdrop supportive:
European equities rallied strongly as markets pared back the probability of an ECB hike next year, adding to the global risk-on tone.
Global indices moved closer to record highs on confidence that monetary easing will continue through 2025.
Stock-specific movers with Nasdaq implications:
UBS reached a 17-year high (banking sentiment supportive but not directly Nasdaq-linked).
Lululemon surged pre-market on CEO departure news—boosting retail sentiment within the consumer discretionary components of tech-heavy indices.
Dollar outlook: Strategists at Deutsche Bank and Goldman see the USD weakening in 2025 as the Fed cuts further. A softer dollar typically supports large-cap growth and tech.
Geopolitical noise:
Comments from Donald Trump about guaranteeing Ukraine’s security added volatility in the defense complex globally, but impacts on Nasdaq-100 were indirect and limited.
Takeaway for Nasdaq-100 traders
Early tech weakness (Oracle, Broadcom) signalled renewed caution around AI-driven capex trends.
However, macro easing tailwinds dominated, allowing the index to recover from the weak open.
The path of least resistance remains upward as long as the Fed easing narrative holds, though AI-spending scrutiny may introduce pockets of volatility within the megacap tech complex.
Tech drag early in the session:
The index opened weak after a sharp tech selloff, led by Oracle (-10.83%), which plunged on missed revenue and higher-than-expected capex, stoking concerns about whether AI-related spending is beginning to show fatigue.
Broader tech sentiment remained cautious with Broadcom slipping after underwhelming AI-related expectations.
Recovery driven by macro tailwinds:
Despite early weakness, the broader US market mood improved, helping the Nasdaq-100 stabilise as investors continued to digest the Fed’s rate cut and easing inflation pressures.
2-yr inflation swaps hit a 13-month low, reinforcing the view that the Fed’s easing cycle is intact—supportive for duration-sensitive tech names.
Global backdrop supportive:
European equities rallied strongly as markets pared back the probability of an ECB hike next year, adding to the global risk-on tone.
Global indices moved closer to record highs on confidence that monetary easing will continue through 2025.
Stock-specific movers with Nasdaq implications:
UBS reached a 17-year high (banking sentiment supportive but not directly Nasdaq-linked).
Lululemon surged pre-market on CEO departure news—boosting retail sentiment within the consumer discretionary components of tech-heavy indices.
Dollar outlook: Strategists at Deutsche Bank and Goldman see the USD weakening in 2025 as the Fed cuts further. A softer dollar typically supports large-cap growth and tech.
Geopolitical noise:
Comments from Donald Trump about guaranteeing Ukraine’s security added volatility in the defense complex globally, but impacts on Nasdaq-100 were indirect and limited.
Takeaway for Nasdaq-100 traders
Early tech weakness (Oracle, Broadcom) signalled renewed caution around AI-driven capex trends.
However, macro easing tailwinds dominated, allowing the index to recover from the weak open.
The path of least resistance remains upward as long as the Fed easing narrative holds, though AI-spending scrutiny may introduce pockets of volatility within the megacap tech complex.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.