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Nasdaq retreats amid tech sector concerns

Technical Analysis
By Ahmed Ashraf
Nasdaq retreats amid tech sector concerns
0 3

NASDAQ

الناسداك 20-8-2025

Nasdaq Index is trading around the $23,250 support zone, which is likely to limit the pace of the decline in today’s trading.

Support

 23250 22900 22625
Resistance 23600 24000

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Nasdaq index witnessed a notable decline today under pressure from major technology stocks, with companies such as Nvidia and Palantir leading the sell-off after a strong wave of profit-taking. This drop was driven by mounting regulatory concerns linked to potential government interventions in support of the chip industry, in addition to reports casting doubt on the ability of massive investments in artificial intelligence to generate real returns, which reinforced caution among investors. On the technical front, the index broke through key support levels, reflecting weak buying momentum and a rise in volatility indicators in the market.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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