Nasdaq-100 & Institute for Supply Management

Nasdaq-100: The Nasdaq-100 sank due to concerns that AI companies and chipmakers may be overbought, contributing to overall market weakness.

Institute for Supply Management: The Institute for Supply Management released a report showing a modest decrease in U.S. manufacturing activity, contributing to economic data points.

Nasdaq-100: The Nasdaq-100 index sank due to the prospect of higher borrowing costs from a potential United States — Federal Reserve interest rate hike, negatively impacting tech firms.

Institute for Supply Management: A report from the Institute for Supply Management>>> indicated accelerated growth in US services but also higher prices due to tariffs and oil.

Nasdaq-100: The Nasdaq-100 reached another record high on Wall Street, fueled by the technology sector and AI demand.

Institute for Supply Management: The Institute for Supply Management reported accelerated growth for U.S. services businesses but also noted the pinch of higher prices due to tariffs and expensive oil. Its report provides insights into inflationary pressures.

Nasdaq-100: SpaceX is scheduled to join the Nasdaq-100 index, prompting index funds to purchase its shares.

Institute for Supply Management: The ISM survey showed services sector growth in line with expectations, with some businesses reporting lower fuel prices easing inflation.

Nasdaq-100: SpaceX joined the index, a separate event.

Institute for Supply Management: ISM's PMI data was in line with expectations, not directly related.