- The Nasdaq 100 loses 1.13%, reaching two-day lows.
- Ross Stores (ROST) loses 3.78% daily, reaching lows in almost two months.
- Monster Beverage (MNST) stock falls 3.34% on the day, hitting four-week lows.
The Nasdaq 100 marked a daily high at 20,021, where it found sellers that took the technology index to a two-day low at 19,757. At the time of writing, the Nasdaq 100 is trading at 19.775, losing 1.13% at the market close.
Monster Beverage and RossStores lead losses on the Nasdaq 100
The leading energy drink company, Monster Beverage, presents a drop of 3.34% today, reaching lows not seen since September 12 at $49.25.
In the same vein, Ross Stores shares sign their second consecutive session down and lose 3.78% daily, reaching lows of almost two months not seen since August 12 at $140.08.
The Nasdaq 100 has ended a three-session slide, posting a 1.13% loss today as investors prepare for the release of Fed Minutes and US CPI on Wednesday. and Thursday, respectively.
Technical levels on the Nasdaq 100
The Nasdaq 100 reacted lower at key resistance given by the all-time high reached on September 26 at 20,313.
The closest support is at 19,635, given by the October 2 low. The next major support zone is at 19,291, the September 16 pivot point in convergence with the 50% Fibonacci retracement.
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.
