Apple and Facebook led the NASDAQ-100 in its biggest slide in two weeks amid concerns over an economic slowdown, following Friday's underwhelming August payrolls data and signals of the Fed's tapering.
The markets pay close attention to what the Fed says. When Fedspeak is inconsistent, investors buy or sell according to the changing tune. How will markets react to disharmony among Fed members when US indices are at all-time highs?
US-TECH 100 index futures CFD, based on NASDAQ-100 index futures, is a basket of shares including the 100 largest non-financial companies listed on the NASDAQ stock market. The index is traded as ‘NQ’.
NASDAQ-100 is a modified capitalisation-weighted index, as a result, larger companies like Apple, Microsoft, Meta and Intel - have a greater effect on the index’s price than smaller companies.
The price of US-TECH 100 futures contract is impacted by a wide range of factors.
Among these are the economic outlook for the US economy, including the percent change in gross domestic product (GDP), measuring the nation's production output; changes in government revenues; and interest, inflation, employment and unemployment rates. Furthermore, macroeconomic events and changes in trade agreements, at both regional and global levels, can tend to move American-based stock index futures.