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Equities look to salvage some pride before the end of the week

It owes to some slight relief after Intel and Amazon reported better earnings, with Nasdaq futures seen up 0.8% currently. But that still pales in comparison to the 1.8% drop yesterday, in which the index took out its 200-day moving average (blue line) as well:That's not a good look for tech stocks but perhaps not all is lost just yet. The Nasdaq is running into support from its 100-week moving average at 12,573 with the 200-week moving average at 12,350 also in focus currently. Those will be th... Read More

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Equities

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Some

Pride

Before

Week

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Posted: Oct 27 2023, 04:25

Author Name: forexlive

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