Nasdaq remains cautiously bullish but under pressure as fears of weak labor data and sticky inflation drive volatility. Upcoming ADP employment and retail sales releases will be critical in shaping expectations around growth durability.
Despite strong earnings from Broadcom, technical momentum remains weak. Credit-related concerns around Oracle continue to linger, and further downside remains possible without confirmation from macro data.
Key Levels: Support at 24,902.9 | Resistance at 25,816.5
Investor Takeaway: Earnings resilience is being overshadowed by macro uncertainty; near-term direction hinges on incoming economic data.
