- Nasdaq 100 posts third consecutive day of losses.
- Cadence Design (CDNS) falls 4.13%, along with CrowdStrike Holdings (CRWD) which loses 4.31%.
- Netflix (NFLX) is trading down 0.60% hours before its earnings report.
The Nasdaq 100 hit a daily high of 19,971 during the European session, finding sellers who pushed the index to a daily low of 19,586 during the American session. At the time of writing, the Nasdaq 100 is trading at 19,714, losing 0.55% on the day.
Nasdaq 100 ends its third consecutive day down
Cadence Design, a software developer for electronic systems and integrated circuits design, is trading at $275.93, down 4.13%. CrowdStrike Holdings is trading at $338.56, down 4.13%.
On the other hand, Netflix shares are valued at $645.00, down 0.38%, ahead of its earnings report at the close of trading. The market consensus expects revenue growth to $9.53B, from $9.37B in the previous quarter.
Investors will be keeping an eye on financial reports to be released next week. In this context, Microsoft, Alphabet, Tesla and Qualcomm stand out.
Technical levels on the Nasdaq 100
The Nasdaq 100 remains in a bearish trend in the short term, forming a resistance at 20,179, in convergence with the 50% Fibonacci retracement. The first support is located at 19,473, the low of the June 24 session. The next support is located at 18,903, given by the low of June 7.
Nasdaq 100 4-hour chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
