Tech weakness drags Nasdaq lower; Tesla crashes nearly 18% during the week
Seeking Alpha ·
The Nasdaq Composite Index ( COMP:IND ) closed in the red on Friday after a continued selloff led by the large-cap technology stocks amid escalating tension in the Middle East and new imposed new levies by the Trump administration.
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The Nasdaq composite fell to sell-off conclusion due to sell pressure on large-cap tech stocks amidst tensions in the Middle East and new Trump administration regulations. Tech weakness dragged down the Nasdaq and Tesla's stock fell almost 18% this week.
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- Semiconductors — There is a high likelihood of semiconductor sector stocks falling due to sell pressure on large-cap tech stocks amidst tensions in the Middle East and new Trump administration regulations.
- Electric Vehicles — There is a high likelihood of electric vehicle sector stocks falling due to tech weakness.
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