NASDAQ Builds Bullish Momentum, Poised for Breakout Toward 25,200 Resistance Zone
NASDAQ was up on Wednesday morning after testing the low level of 24245 in the last trading session as Fed Chair Powell’s comments reinforced expectations for an October rate cut and hinted at a possible pause in balance sheet runoff. Investors now await quarterly results from Bank of America, Morgan Stanley, Abbott Labs, and ASML later in the day.
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