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Tech-Tied NASDAQ Seen Modestly Outperforming From the Open

EQUITIES
  • Equity futures head through the cash equity open close, but just off, the session's best levels with tech-tied NASDAQ-100 futs outperforming, partially thanks to the recovery in NVidia shares in pre-market trade - which are now indicated to open higher by ~0.3% after earnings yesterday.
  • Recent gains have resulted in the break of a trendline drawn from the Jul 27 high. This reinforces bullish conditions and signals scope for a climb towards 4597.50, the Sep 1 high. On the downside, initial firm support is seen at 4428.70, the 20-day EMA.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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