US stocks pull back from record highs due to tech weakness

US indices fell from record levels at the start of the week as the weakness in the technology sector weighed on the broader market. Companies with a strong link to the cryptocurrency market, including Tesla, Coinbase, Riot Blockchain and Marathon Digital fell approximately 5% as due to a sharp fall in bitcoin over the weekend. The most popular crytporcurrency fell more than 20% from it's all-time high at $64, 680 reached on Wednesday after the stock market debut of cryptocurrency exchange Coinbase.

US100 pulled back from all-time highs at 14,062 pts and broke below major support at 13,905. At the moment 200 SMA (red line) managed to halt declines, at least temporarily. Source: xStation5

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US stocks pull back from record highs due to tech weakness

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