Market Commentary
Serious Damage
By Charles Payne, CEO & Principal Analyst
10/25/2023 12:50 PM
Serious damage in Technology and mega cap names, led by Alphabet (GOOG/L). What's really interesting is the miss in cloud should be a boon for its rivals. Be that as it may, the NASDAQ Composite is suddenly facing the task of holding above to 200-day moving average.
The notion investors would close those positions and load up on other parts of the market is not materializing.
After the close, Meta Platforms (META) gets a chance to try and save the day.
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