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In his latest interview, President Trump acknowledged that the country’s economy is in a transition period and did not dismiss concerns that his policies could lead to stagnation, creating unease in the markets. This situation caused losses in major tech stocks like Tesla, Nvidia, Apple, Alphabet, and Meta, leading to a nearly 4% drop in the NASDAQ100 Index. Today, the JOLTS job openings data is expected to be released.
The NASDAQ100 index continues to trade below the levels we are monitoring. Technical analyses indicate that as long as the upward potential is limited in the 19900 – 20000 region supported by the 21-period exponential moving average, the downward trend may persist. If declines continue, a movement towards the 19400 and 19300 levels could develop. For upward movements, closures above 20000 will be necessary.
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