Nasdaq falls under pressure from technology stocks

By Ahmed Ashraf On Jun 24, 2026

NASDAQ

Nasdaq is trading around the $29400 support zone, which is likely to limit the pace of decline in today’s trading.

Support	29400	28300
Resistance	30700	31500

Nasdaq declined under clear pressure from technology and artificial intelligence stocks, as concerns grew that heavy spending on AI infrastructure may not deliver the expected returns as quickly as markets had priced in. The decline also came as bets on another U.S. interest rate hike increased, adding pressure on high valuation growth stocks, especially semiconductor and major technology companies.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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