The US technology index, #nasdaq, is hovering around the 20,200 level amid uncertainty in new management policies and signals from regulatory bodies about easing sanctions.
Technically, if 20,330 is surpassed, there is a potential rise towards 20,710. However, if this level is not broken, increased selling pressure could lead to a decline to the 19,700 range. The recovery that started from 20,100 with the effect of the new contract period provided limited relief to the market.
At the local level, economic pressures and the inflationary environment are driving investors towards international markets.
While technology stocks find support from developments in artificial intelligence and sustainable energy, global risk appetite is tightly tied to US monetary policies.
Inflation data to be announced in the coming period and the central bank's interest rate decisions will be among the main factors determining the direction of the index.
Although the technology sector maintains its long-term growth potential, it is beneficial to be cautious in the short term.
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