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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 19:12:49 (13 hours 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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