Index slumped for the third straight day, for a total loss of 4.25% on Friday. The declines this past week were the longest weekly losing streak for the index since October 2020, with tech stocks leading the slide lower. Investors are hoping the heart of this earnings season will provide some dip-buying opportunities. The Fed’s favorite inflation gauge, the core PCE, prints on Friday providing yet another potential catalyst for market volatility. Microsoft (NASDAQ:) and Alphabet release earnings on Tuesday after the market close, followed by Apple and Amazon which report results on Thursday also after the close. The Russell 2000 looks the weakest, with the index being the first to top out and enter a bear market. Some traders are betting the price of the NDX . . .
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