Tech gives up its advantage as fears return – North American Session Market Wrap for April 28
The North American session Market Wrap for April 28 highlights a shift in market sentiment as geopolitical tensions rise, particularly concerning the US-Iran negotiations and the impact on oil prices. The tech sector, previously buoyant, is now under pressure with Nasdaq lagging behind other US indexes. Traders are cautious ahead of key earnings reports from major tech companies and the upcoming FOMC policy decision. Profit-taking is evident as markets react to rising oil prices, with expectations of increased volatility in the coming sessions.
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