From Nasdaq: 2024-11-18 02:37:00

Hawkish comments from Federal Reserve Chairman Jerome Powell shook tech stocks and the Nasdaq 100 Index ETF. With markets driven by liquidity, Powell’s stance on interest rates led to profit-taking. Despite the dip, technical factors, options expiration, healthy breadth, sentiment shifts, and seasonality suggest limited downside for stocks.

Zacks Investment Research offers access to top stock-picking strategies with impressive gains. Take advantage of their live picks without cost or obligation. Historical seasonality indicates a market retreat before year-end rally. Zacks’ portfolio services like Surprise Trader and Technology Innovators closed 228 positions with double- and triple-digit gains in 2023 alone.

Zacks Investment Research is offering 30-day access to all picks for only $1. Get acquainted with their portfolio services that closed numerous positions with double- and triple-digit gains in 2023. Don’t miss out on this opportunity to explore Zacks’ top stock recommendations.



Read more at Nasdaq: Zacks Investment Ideas feature highlights: Nasdaq 100 Index ETF, Tesla, Coinbase, MicroStrategy and Root