From Nasdaq: 2024-11-15 14:19:00

Federal Reserve Chairman Jerome Powell’s hawkish comments caused a sell-off in tech stocks and the Nasdaq 100 Index ETF (QQQ). Powell stated that the economy doesn’t require immediate interest rate cuts. Despite the recent rally, profit-taking is expected, but there are reasons for stocks to find support. The QQQ is retreating to a buy zone, options expiration is Friday, and sentiment has shifted.

The solar industry is set to rebound as the economy shifts towards clean energy. Analysts predict that solar will make up 80% of renewable energy expansion, presenting a significant profit opportunity. Trillions will be invested in clean energy, making it crucial to choose the right solar stocks. Zacks offers free recommendations for the hottest solar stocks.



Read more at Nasdaq: Hawkish Powell Shakes Stocks: What’s Ahead?