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Nasdaq breaks below trend – chart

Tech stocks have corrected significantly over the past month. As a result the tech-laden Nasdaq is currently down over 5 per cent from its March 5 peak. 

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Chart of the Day
Thursday, April 10, 2014
Thursday, April 10, 2014

Tech stocks have corrected significantly over the past month. As a result the tech-laden Nasdaq is currently down over 5% from its March 5th peak. For some perspective, today’s chart illustrates the overall trend of the stock market (as measured by the Nasdaq Composite) since 2000. As today’s chart illustrates, the post-financial crisis rally (which began in early 2009) has been significant enough to have the Nasdaq surpass its credit bubble highs of late 2007. As today’s chart illustrates, however, the Nasdaq has just broken below support of its 17-month uptrend channel.

Source: Chart of the Day.

Representatives from the Baha Mar megaresort on Cable Beach in New Providence are travelling around the Family Islands to search out Bahamian talent, while educating prospective industry professionals what is involved in working in the tourism sector. Watch a ZNS Network news report here.

The Caribbean Export Development Agency has launched the In-Firm Design and Branding Project, which will provide participating CARIFORUM state firms with technical support and financial assistance for the strengthening of their packaging design and product branding.

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