Is the Nasdaq preparing to correct?
The Nasdaq 100 index seems to be taking a breather around the 7,000 level, and is testing the 200-day simple moving average. Is the post-January 4 rally showing signs of old age?
Head of Equity Strategy
Summary: News of a massive spending spree by Alphabet on data centres for its subsidiary Google has left its shares with a bit of a hangover as investors responded by chopping 4% off their price.