Nasdaq 100, Dow Jones, S&P 500 Forecasts for the Week Ahead
2021-03-08 21:35:00
Peter Hanks,
Strategist
Nasdaq 100, Dow Jones, S&P 500 Price Outlook:
The tech-heavy Nasdaq 100 has suffered the most and trades on the brink of correction territory
Nasdaq 100, Dow Jones, S&P 500 Forecasts for the Week Ahead
Rising yields continue to pressure equity markets but the Dow Jones remains within reach of record levels, as the Nasdaq 100 stumbles into correction territory. Since the Nasdaq’s intraday record was tagged on February 16 to the intraday low on March 5, the tech-heavy index shed more than 12% before paring some losses. In the same span, the S&P 500 had declined less than 6% with the Dow Jones off less than 5% at its trough before surging to a new record high Monday. The diverging performances highlight the ongoing reflation trade.