The tech-heavy index deepened its losses Friday afternoon, extending the selloff triggered by disappointing Big Tech earnings earlier in the day.
Sentimentbearish 15
Strongly bearish · 15 of 100
Impact80
high · market-wide
Confidence70%
moderate confidence · single wire
Eventdeveloping
v1 · alerted to followers
WHAT WE KNOW
Nasdaq 100 down 3.4%
S&P 500 down 1.7%
Selloff triggered by disappointing Big Tech earnings earlier Friday
The Nasdaq 100 fell 3.4% and the S&P 500 dropped 1.7% in Friday afternoon trading, deepening a selloff that began after disappointing Big Tech earnings.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
