US Tech 100 Tests Key Resistance at 19,948 Bull Flag Signals Potential Breakout Above Support
NASDAQ was up on Thursday morning after testing the low level of 19658 in the last trading session as the Nasdaq Composite jumped 1.41%. All 11 S&P sectors advanced, led by consumer discretionary, energy, and technology stocks. The gains followed the Fed’s decision to hold rates steady while projecting multiple rate cuts amid signs of slowing economic growth and weakening employment.
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