3:53 PM · 9 September 2020

📈 Nasdaq bounces after Big Tech sell-off 🚀

US equities rise during today's session as tech shares are attempting to erase some of its recent losses that pushed Nasdaq into correction teritory. After the US open, the tech-heavy index gained more than 3%. All six big tech stocks Microsoft, Amazon, Alphabet, Facebook, Tesla and Apple are trading higher.

Nasdaq (US100) managed to bounce off the support zone at 10930.00 pts and rally. Should upbeat moods prevail, lower limit of the upward channel could be tested. On the other hand, breaking below the aforementioned support could hint at more weakness going forward. Source: xStation5

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