Nasdaq fades as Apple shares sink
The Nasdaq has given up some of its gains as shares of Apple continue to lose ground. They're down 4.2% on a DOJ anti-trust suit today and weighing on the broader market.The Nasdaq Composite hit an all-time record today at 16,538 but it's sagged back to 16,431, up about 0.4%.Keep an eye on bitcoin as well, it's been a great indicator for tracking changes in sentiment and it's now down 2.2% and at the lows of the day.I'd expect the next big move comes on tomorrow's US PCE report. The consensus is for a 0.3% m/m rise. This article was written by Adam Button at www.forexlive.com.
The Nasdaq has given up some of its gains as shares of Apple continue to lose ground. They're down 4.2% on a DOJ anti-trust suit today and weighing on the broader market.
The Nasdaq Composite hit an all-time record today at 16,538 but it's sagged back to 16,431, up about 0.4%.
Keep an eye on bitcoin as well, it's been a great indicator for tracking changes in sentiment and it's now down 2.2% and at the lows of the day.
I'd expect the next big move comes on tomorrow's US PCE report. The consensus is for a 0.3% m/m rise. This article was written by Adam Button at www.forexlive.com.
