
Nasdaq Set to Snap Monthly Win Streak Amid Tech Volatility
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Wall Street may be closing out the month on a sour note: the Nasdaq Composite (IXIC) is on track to end its seven‑month winning streak, thanks to a surge of volatility in the technology sector, according to a fresh report from Schaeffer's Investment Research.
After a relatively calm (or upbeat) run, markets got rattled this week as tech‑heavy names reacted to a mix of earnings, AI‑related turbulence, and shifting investor sentiment — among them giants like Alphabet Inc. (GOOGL), Alibaba Group Holding Ltd. (BABA), and Autodesk, Inc. (ADSK). On Monday and Tuesday, optimism spiked thanks to rate‑cut hopes and big‑cap tech rallies, while by midweek the momentum had carried the Dow Jones Industrial Average (DJI) to its best day since August — but that strength failed to fully carry over to Nasdaq and the S&P 500 (SPX).
The week also saw trading disruptions: a heat‑related outage at the CME Group data center paused futures trading for several hours, adding to the unsettled tone.
Looking ahead, the first week of December promises a fresh wave of earnings reports — from consumer‑facing names like American Eagle Outfitters, Inc. (AEO) and DocuSign, Inc. (DOCU) to enterprise and tech players such as CrowdStrike Holdings, Inc. (CRWD) and C3.ai, Inc. (AI) — which could either reignite bullish momentum or deepen the recent wobble.
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