NDXUSD

The technology index, which is highly sensitive to interest rate trends, focused on the employment data of the week. Yesterday's weak PMI data strengthened the expectation that the Fed is closer to easing policies, bringing buying to the index. The continuity of this positive momentum will be tested with today's JOLTS and tomorrow's ADP data. Data indicating a significant cooling in the labor market could represent the most favorable scenario for interest-sensitive technology stocks, allowing the index's rise to continue. Strong data, on the other hand, could bring back concerns about "higher rates for a longer time," leading to profit realizations.