Nasdaq - Will the stock market continue to grow?US Tech 100 CashIG:NASDAQAli_PSNDThe Nasdaq index is above the EMA200 and EMA50 on the four-hour time frame and has broken out of its descending channel. The Nasdaq is forming a converging pattern in its current uptrend, which we need to watch for a breakout to decide whether to turn or continue. A decline in the Nasdaq towards the demand range will create a buying opportunity with a good risk-reward ratio. US financial markets are awaiting a mix of key economic data, Federal Reserve monetary policy signals and corporate earnings reports in the coming week. On the macroeconomic front, housing market data, Federal Reserve minutes, Philadelphia manufacturing index and August’s preliminary PMI could influence the direction of interest rate expectations and market sentiment. On the other hand, reports from companies such as Home Depot, Lowe’s, Target, Walmart and Alibaba will provide an important picture of the state of the consumer, retail and the Chinese economy. Real bond yields in the world’s major economies have reached their highest levels in more than a decade; a development that, along with the sharp increase in investment by large technology companies in artificial intelligence infrastructure and the continuation of heavy government borrowing, could become one of the most important risks for financial markets in the coming months. The rise in the real cost of financing has not yet stopped the stock market's upward trend, but if it continues, it could put pressure on stock valuations and ultimately slow global economic growth.