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Nasdaq ends an eight-week winning streak

I would attribute a big chunk of this week's equity selling to quarter-end rebalancing flows and/or the front-running of those flows. There were plenty of dip buyers in Nasdaq stocks, particularly in the magnificent seven mega stocks that have been responsible for nearly all of the equity market rally this year.On the day:S&P 500 -29 points, or -0.8%, to 4395Nasdaq Comp -0.9%Russell 2000 -1.0%DJIA -0.6%Toronto TSX Comp -2.7%On the week:S&P 500 -1.3%Nasdaq Comp -1.4%Russell 2000 -3.0%DJIA -1.7%To... Read More

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Nasdaq

Ends

Eight

Week

Winning

Streak

Eight week

Forex

Posted: Jun 23 2023, 20:13

Author Name: forexlive

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