NASDAQ 100 Struggles To Close Gap With S&P 500 During Semiconductor Slowdown

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S&P 500 Breaks Out, NASDAQ 100 Stalls After the S&P 500 re-accelerated through April's channel resistance and the 5850-5878 highs post-election, the index remains firmly bullish, with key support holding in the 5600s.

If the NASDAQ 100 fails to break through its recent range, it would further support the idea that a regime change is in the cards — one where sectors outside of tech, like communication services, could be driving the market forward.

Hunter highlights that despite a broad market rally, the NASDAQ has underperformed, suggesting a potential leadership shift away from tech.

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Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: Sector ETFs Expert Ideas XTL VGT Trading Ideas Analyst Color US25459W4583 JPMorgan US4642877132 Philadelphia Semiconductor Index Nasdaq 100 Index QQQ SOXX NASDAQ 100 Top Stories Broad U.S. Equity ETFs XLK Semiconductors Technicals US73935A1043 Analyst Ratings ETFs SMH Specialty ETFs Benzinga Jason Hunter US4642875235 US8166362033 Stories That Matter IYZ SOXL US92204A7028 QQQM Tech US81369Y8030

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 19:12:49 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 600 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23558639

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