The NASDAQ index is down almost 1% in today’s trading. The tech index is now down for 6 consecutive trading days. Nvidia stock is down -3.03%. Amazon is down -1.49%. Meta platforms are down -2.42%. Apple is down -1.06%.
The index is now down 4.35% for the week. This is the biggest decline since March 6, 2023, when shares fell -4.71%.
Technically, the price has been trading below 50% of the 2024 trading range at 15,508.22, and also below its 100-day moving average of 15,491.05.
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