5 Tech giants' Q3 earnings release impacts Nasdaq 100 amid rising 10-year US Treasury yields.
This week, tech giants Alphabet, Microsoft, Meta, Apple, and Amazon will release Q3 earnings, significantly impacting the Nasdaq 100, which comprises about 31% of its value. However, rising 10-year US Treasury yields may dampen the positive earnings outlook. Historical trends suggest that increases in yields often precede declines in the Nasdaq 100. The index faces pivotal resistance at 20,790, with potential support levels at 19,840 and below if bearish trends persist.
October 28, 2024
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