Market Analysis of NASDQ on Friday 19 JULY 2024

2024-07-19 22:31Source:BtcDana

Technical Analysis:

Currently trading around 19693, overall NASDAQ is still bearish and we might see price dipping towards 19460, we have equal lows around that area which price might reach before shifting structure to the upside.

Fundamentals:

U.S. stock index futures pointed to a mixed open in choppy trading on Friday as investors paused after a two-day selloff and assessed the impact of a sweeping global tech outage that weighed heavily on CrowdStrike shares.

An update to one of CrowdStrike's CRWD products appeared to be the trigger for the cyber outage that affected customers using Microsoft's MSFT Windows Operating System, disrupting businesses across sectors and sending the cybersecurity firm's shares down 12.6% in premarket trading.

Major U.S. airlines ordered ground stops citing communication issues, while the Euronext exchange and London Stock Exchange Group's LSEG Workspace news and data platform also faced issues.

LSEG said its data and services were back online, while the Nasdaq NDAQ said it expected U.S. markets to open normally.

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