Nasdaq 100 Hits Yearly Low, Led by NVDA Decline
The Nasdaq 100 (US Tech 100 mini on FXOpen) has fallen below 20,500 for the first time since November 2024.
Bearish sentiment driven by:
The latest US jobless claims report, which showed the highest figures of 2025.
Concerns over the destabilising and economically damaging potential of Donald Trumps trade policies.
Nvidia (NVDA) Among the Biggest Losers
While the Nasdaq 100 lost over 2.5% in yesterdays session, Nvidia (NVDA) shares plunged nearly 8% despite a stronger-than-expected quarterly report, as we noted yesterday.
Technical Analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen)
The ongoing decline has resulted in a bearish breakout of the trendline (marked in blue) that originated in 2024. Based on key reversals (highlighted with red circles), the chart now outlines a descending channel. An attempted breakout (indicated by an arrow) failed, forming a bearish Rounding Top pattern.
If bearish sentiment prevailsespecially with focus on inflation data, as the Core PCE Price Index is set to be released today at 16:30 GMT+3Nasdaq 100 (US Tech 100 mini on FXOpen) may drop further towards the lower boundary of the descending channel.
Read more: https://fxopen.com/blog/en/oa-nasdaq-100-hits-yearly-low-led-by-nvda-decline/
Text source: Forex Trading Blog
