NSDQ100 - further volatility ahead?US Tech 100TRADENATION:USTECTradeNationThe NASDAQ 100 is under renewed pressure as investors continue to rotate out of AI and large-cap technology stocks, extending the recent correction. The index is expected to open lower after the S&P 500 fell 0.51% yesterday, with US futures pointing to further weakness. The sell-off has spread across global markets, with Japan's Nikkei plunging 4.8%, while Chinese equities have also posted heavy losses, reflecting a broad deterioration in risk sentiment. The weakness has been driven by a combination of disappointing technology earnings and renewed concerns over inflation. TSMC is trading sharply lower after guiding for higher-than-expected capital expenditure, raising questions about near-term profitability despite continued AI demand. Meanwhile, Netflix dropped almost 9% in after-hours trading after earnings failed to impress, adding further pressure to the technology sector. Macro concerns are also resurfacing. Brent crude has climbed above $85 per barrel, reviving fears that higher energy prices could keep inflation elevated and delay future Federal Reserve rate cuts. This has weighed particularly heavily on growth stocks, which remain sensitive to higher interest rate expectations. Another notable development has been the continued weakness in gold, which has fallen below $4,000/oz for the first time this year. The decline suggests investors are reducing defensive positions as Treasury yields remain elevated and inflation expectations become more uncertain. Today's economic calendar could provide further volatility. Traders will focus on US industrial production, housing starts, building permits, capacity utilisation and the preliminary University of Michigan consumer sentiment survey. Stronger-than-expected data could reinforce expectations that the Fed will keep policy restrictive for longer, potentially adding further pressure to the NASDAQ 100, while softer figures may provide some relief to technology stocks. Fed Vice Chair Jefferson's comments will also be closely monitored for any guidance on the outlook for interest rates. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.