- The Nasdaq 100 loses 0.32% daily, trading within the range of yesterday’s session.
- Advanced Micro Devices (AMD) registers a loss of 4.95% on the day, reaching a one-week low.
- Verisk Analytics (VRSK) falls 3.37%, hitting three-day lows.
The Nasdaq 100 set a daily high at 20,313, attracting sellers that took the index to a daily low of 20,116. At the time of writing, the Nasdaq 100 is trading above 20,219, losing 0.22% daily.
Verisk Analytics (VRSK) and Advanced Micro Devices (AMD) drag the Nasdaq 100 into negative territory
The leading data analysis company, Verisk Analytics (VRSK), records a loss of 3.37%, reaching lows not seen since October 7 at $266.44, thus ending a streak of three consecutive sessions on the rise.
In the same vein, Advanced Micro Devices (AMD) shares plummeted 4.95%, reaching one-week lows of $162.33, marking its second consecutive day with losses.
The Nasdaq 100 has reacted downward after the release of the Consumer Price Index, which stood at 2.4% year-on-year in September, below the 2.5% recorded in August.
Technical levels on the Nasdaq 100
The Nasdaq 100 reacted lower at a short-term resistance located at 20,313, given by the September 26 high. The next key resistance zone is at 20,754, the all-time high reached on July 11.
On the downside, we observe the first support zone at 19,900, due to the retracement to 78.6% Fibonacci. The next key support level is at 19,291, the September 16 low confluence 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.
