It was not unexpected to see Nasdaq 100 pull back yesterday as written in my article "18 June 2021: Daily Market Review. Dow falls? Why?" Below is an extract of my article yesterday:"Indeed, Nasdaq 100 (September) futures has broken out on the top side, breaching through 14,000, 14,060 and touching 14,180 and as of the moment now at almost 2 p.m. Singapore and China time, reaching 14,200. This is despite yesterday Nasdaq 100 futures touching 13,845 in the morning around 9 plus a.m. in Singapore and China time. Will there be pull backs tonight? There remains the possibility before Nasdaq 100 treks further up... Question to ask is if Dow futures (September) is having an inverse relationship to that of the Nasdaq 100 now? Will it be a see saw when Nasdaq 100 goes up and Dow futures goes down?
Wall Street ends down as data spooks investors awaiting Fed report
Wall Street’s main indices closed lower on Tuesday as data showing stronger inflation and weaker U.S. retail sales in May spooked already-jittery investors awaiting the results of the Federal Reserve’s latest policy meeting.Assurance from the Fed that rising prices are transitory and falling U.S. Treasury yields have helped ease some concerns over inflation and supported U.S. stocks in recent weeks. All eyes are now on the central bank’s statement at the end of its two-day policy meeting on Wedn