- The Nasdaq 100 ends the day with a drop of 0.55% on the day.
- Marvell Technology (MRVL) shares record a daily loss of 3.35%.
- Broadcom Inc (AVGO) concludes the session with a loss of 3.03% at the market close.
The Nasdaq 100 set a session high at 20,173, finding aggressive sellers that drove the technology index to a daily low at 19,960. At the time of writing, the Nasdaq 100 is trading above 20,001, losing 0.56% today.
Broadcom Inc and Marvell Technology drag the Nasdaq 100 into negative territory
The company specialized in the development and design of semiconductors, Marvell Technology (MRVL), presents a drop in its share price of 3.35%, reaching two-day lows to end the day at $70.99.
On the other hand, Broadcom Inc (AVGO) shares recorded a loss of 3.03%, reaching three-day lows of $171.76 to close at $172.69.
Technical levels on the Nasdaq 100
The Nasdaq 100 reacted lower at a resistance located at 20,313, given by the September 26 high. The closest support is at 18,394, the low of September 6. The next key support is seen at 17,272, the pivot point of August 5
Nasdaq 100 daily 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.
