Technical Analysis

Nasdaq opens with steep declines

Nasdaq down -1.50% helped by Nvidia warning

Nviidia is buying and selling down -18% after slashing income forecast for the present quarter and blaming China. That has the NASDAQ composite index down -1.52% at 7056.28

The opposite numbers for the foremost indices are exhibiting:

S&P index -28.7 factors or -1.08% at 2636The Dow industrial common -314 factors or -1.28%at 24424

Caterpillar reported earnings earlier and likewise cited China of their report.  Intel final week claimed China for decreasing first-quarter steerage.  Apple launch earnings after the shut tomorrow. They’ve already warned however will one other shoe drop?

China. China. China.

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