NDXUSD

The Nasdaq Index continued its positive pricing as U.S. inflation data came in close to expectations. Strong financial results in the technology sector and an increase in investments in artificial intelligence continue to support the index. The strong performance of major tech companies like Nvidia, Microsoft, and Apple is helping the Nasdaq maintain its upward trend. U.S. retail sales data to be announced tomorrow could particularly affect tech stocks in terms of e-commerce and digital consumption. Uncertainty over whether the Fed will cut interest rates in the near future is critically important for high-valued tech stocks. The Philadelphia Fed Manufacturing Index, to be released on May 16, could provide clues about the overall state of the economy. It is deemed appropriate to evaluate positions based on intraday support levels.