NASDAQ 100 Ends Tuesday in Red Despite New High
The NASDAQ 100 ended Tuesday's trading session with a loss, despite reaching a new all-time high during the day. The index closed at 24,785.52 points, down 107.24 points or 0.43%.
The day started positively with the index opening at 24,931.42 points and climbing to a new peak of 24,958.26 points. However, it then fell to a low of 24,713.58 points. Despite the daily loss, the NASDAQ 100 continues to trade within an intact uptrend channel, remaining above its key moving averages.
Charter Communications (CHTR) was the day's top gainer, rising 3.86%, while Las Vegas Sands (LVS) was the biggest loser, dropping 7.41%. Applied Materials (AMAT) also saw a significant decline, falling over 3%, following news about US trade regulations impacting its net income.
The Relative Strength Index (RSI) stayed in the neutral zone, indicating neither overbought nor oversold conditions. Important support for the index lies at 23,870 points, with the day's high serving as a short-term resistance level. Trading volume was around 339.40 million shares, and the VIX volatility index slightly increased.
Looking ahead, the NASDAQ 100 remains in an uptrend, and key support levels are in place. Bulls may face resistance at the day's high, while bears will likely target the important support at 23,870 points. Market sentiment remains mixed, with some analysts predicting a bullish phase in October 2025, while others focus on individual stock upgrades.
