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NASDAQ 100 Struggles To Close Gap With S&P 500 During Semiconductor Slowdown

Benzinga ·  Nov 12, 2024 13:12

While theS&P 500 Indexcontinues its post-election surge, breaking through key resistance levels, theNASDAQ 100is struggling to keep up.

This catch-up is prompting JPMorgan analystJason Hunterto ask: Is this a shift in market leadership or a temporary pause for the tech-heavy index?

S&P 500 Breaks Out, NASDAQ 100 Stalls

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After the S&P 500 re-accelerated through April's channel resistance and the 5850-5878 highs post-election, the index remains firmly bullish, with key support holding in the 5600s. The next resistance levels are now pegged at 6166 and 6194. Meanwhile, the NASDAQ 100 has faced a roadblock, unable to...

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