, which dragged Nvidia stock down by 6% on the day. The market had been nervous ahead of earnings from Microsoft and Google and closed lower by nearly 3% for the S&P 500 and nearly 4% for the Nasdaq.
. More bad earnings from Facebook will probably see a decline in the region of 3-5% but a strong report could see a 10% plus rally we believe.as the key level and how remaining below this would lead to more losses. We did not expect to be so accurate in such a dramatic fashion but a combination of technical selling and macro related outflows did the trick.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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