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The tech-heavy Nasdaq could plunge another 12% from current levels as a key support level is tested, says Morgan Stanley’s investment chief

Christel Deskins 3 years ago
The tech-heavy Nasdaq could plunge another 12% from current levels as a key support level is tested, says Morgan Stanley’s investment chief

Andrew Kelly/Reuters As investors continue to grapple with a rise in COVID-19 cases and the uncertainty of more fiscal stimulus from Congress, the technical picture of the stock market “has deteriorated,” Morgan Stanley said in a note on Monday. After both the S&P 500 and Nasdaq 100 indices closed […]

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