US Stock Index Forecast Until the End of Today’s Session
The forecast for US stock indices by the end of today’s session suggests that the volatility observed in recent days will continue, with sales in the largest tech companies and weak trading volume likely to intensify market movements. After the Nasdaq 100 posted a 2% decline, with tech giants like Tesla and Nvidia leading the losses, it is expected that these negative trends will persist, at least until trading becomes more active at the start of next week. However, weak interest during the holiday period could lead to larger price fluctuations.
Low Liquidity and Weakened Investor Sentiment
Low liquidity and weakened investor sentiment, following losses in the “Great Seven” tech companies, could also keep the indices under pressure. The markets are no longer in a state of euphoria, and the balance of forecasts for the new year may reduce the risk of a sharp decline. Still, if unfavorable news emerges regarding the political situation or the Federal Reserve, stocks could fall into a deeper correction.
Stock Market Movements
While the S&P 500 and Nasdaq 100 have nearly erased their weekly gains, and the yield on 10-year Treasury bonds has increased, small companies and cryptocurrency-related funds also showed declines. The US dollar index remains stable, which could signal some consolidation in the markets.
Historical Trends and Economic Outlook
Given historical trends, when tech stocks have high valuations and the economy is in the late stage of the cycle, short-term prospects may remain weak, but the overall picture for 2024 remains unclear. In the short term, there could be greater declines if forecasts are not met.
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