Wall Street indices are starting the week with dynamic declines. The scale of the sell-off is best seen on the technology behemoth US100, which is currently losing more than 1 per cent and is dynamically breaking below the psychological barrier of 15 000 points and opening the way towards the next important support at the level of 14 700 points.
It is also worth remembering that we are entering the last week of this month, so we may see increased volatility in the market due to the relocation of market capital. Interestingly, however, looking at the heatmap of US companies, we can see that the pessimistic mood is dominated mainly by the largest technology companies, i.e. those which have been gaining the most over the last few months. Nvidia (NVDA.US) shares are down more than 4%. Source: xStation 5
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