Nasdaq Futures Fall 2% on Tech Concerns and Fed Rate Hike Expectations
📊 AAPL — Piyasa Yorumu
▼ down · 65%AAPL may be negatively impacted by the 2% drop in Nasdaq futures and concerns over technology stocks. Although the RSI is in neutral territory at 46, the MACD remains below the signal line, indicating short-term weakness. The stock is trading below its 20-day SMA ($298.02), suggesting that selling pressure could persist. However, it may find support near the 50-day SMA ($296.29), which could limit the downside.
📊 GOOGL — Piyasa Yorumu
▼ down · 75%GOOGL shares fell 6.1%, mirroring a 2% decline in the Nasdaq, driven by technology sector concerns and expectations of a Federal Reserve interest rate hike. Although the RSI has dropped to 35, approaching oversold territory, the MACD remains below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below its 20-day and 50-day moving averages, which paints a negative technical picture. While selling pressure is likely to persist in the near term, some recovery may occur due to oversold conditions.
📊 NDX — Piyasa Yorumu
▼ down · 70%The news headline indicates a 2% decline in Nasdaq futures due to technology concerns and expectations of a Federal Reserve interest rate hike. This could exert downward pressure on the NDX in the short term. Technical indicators are giving mixed signals: the RSI is neutral at 57, the MACD is below the signal line but positive, and the price is above the SMA20 and SMA50. However, the negative impact of the news may overshadow the weak directional signals from the technical indicators. Therefore, a bearish trend is expected in the short term.
📊 SPX — Piyasa Yorumu
▼ down · 70%The news headline indicates a 2% decline in Nasdaq futures due to technology concerns and expectations of a Federal Reserve interest rate hike. This could also put pressure on the SPX. Technical indicators point to weakness: the RSI is near 47.7, below the neutral zone; the MACD is below the signal line; and the price is below the 20-day moving average. However, since the price remains above the 50-day moving average, the decline may be limited. Short-term selling pressure is likely to continue.