{"id":54258,"date":"2021-03-20T13:14:41","date_gmt":"2021-03-20T17:14:41","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=54258"},"modified":"2021-03-20T13:14:41","modified_gmt":"2021-03-20T17:14:41","slug":"tech-selloff-continues-to-pressure-market","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2021\/03\/tech-selloff-continues-to-pressure-market\/","title":{"rendered":"Tech Selloff Continues To Pressure Market"},"content":{"rendered":"<p>The DOW slid 234.33 points or -0.7%, to 32,627.97 on Friday, pressured by Visa and JPMorgan. The S&P 500 dipped -0.1% to 3,913.10, closing off its lowest level of the day when it fell 0.7%. The NASDAQ gained +0.8% to 13,215.24 as investors bought the dip in tech shares which had been putting pressure on the market after continuing to selloff earlier in the week. Facebook gained +4%, while Amazon and Netflix rose about +1.5% each.<\/p>\n<div align=\"center\" style=\"margin-bottom: 20px;margin-top: 10px;\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/X4Xe5Xy1Ndw\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<p>On a weekly level, The DOW and the S&P 500 lost -0.5% and -0.8%, respectively, this week, breaking their two-week win streak. The NASDAQ also declined -0.8% for the week, posting its fourth negative week in the last five.<!--more--> <\/p>\n<div class=\"card mb-4 mt-3\">\n<div class=\"card-header\" style=\"font-style: italic; font-weight: bold;\">INO.com's Stock of the Week<\/div>\n<div class=\"card-body\">\n<h5 class=\"card-title\"><a href=\"https:\/\/www.ino.com\/stockoftheweek\/?mktcode=crossinosotw\" target=\"_blank\" rel=\"noopener noreferrer\">See This Week's Stock Pick<\/a><\/h5>\n<p class=\"card-text\">Our experienced analyst carefully scours financial publications, balance sheets, press releases, charts, live events, and more to locate the most liquid, undervalued, and overlooked stocks.<\/p>\n<p>    <a href=\"https:\/\/www.ino.com\/stockoftheweek\/?mktcode=crossinosotw\" class=\"btn btn-success\" target=\"_blank\" rel=\"noopener noreferrer\">Reveal The Stock of the Week<\/a>\n  <\/div>\n<\/div>\n<p>Crude oil and Bitcoin joined the negative week party with a loss of -6% parking back-to-back weekly losses for the first time since October 2020. Bitcoin lost -3.7% on the week, its first weekly loss in three weeks. <\/p>\n<p>The U.S. Dollar and gold were able to post weekly gains of +.07% and +1%, respectively. <\/p>\n<h2 style=\"color: #003380; font-size: 20px;\">Key Levels To Watch Next Week:<\/h2>\n<ul>\n<li><strong>S&P 500 <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=SP500&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(CME:SP500)<\/a><\/strong>: 3,723.34<\/li>\n<li><strong>Dow <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=DJI&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(INDEX:DJI)<\/a><\/strong>: 30,547.53<\/li>\n<li><strong>NASDAQ <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=COMP&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NASDAQ:COMP)<\/a><\/strong>: 13,620.71<\/li>\n<li><strong>U.S. Dollar <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=DX&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(ICE:DX)<\/a><\/strong>: 90.63<\/li>\n<li><strong>Gold <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=GC.J21&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NYMEX:GC.J21)<\/a><\/strong>: 1,753.30<\/li>\n<li><strong>Crude Oil <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=CL.H21&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NYMEX:CL.H21)<\/a><\/strong>: 64.73<\/li>\n<li><strong>Bitcoin <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=BITSTAMPUSD&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(BITCOIN:BITSTAMPUSD)<\/a><\/strong>: 43,021.00<\/li>\n<\/ul>\n<p>Every Success,<br \/>\nJeremy Lutz<br \/>\n<a href=\"https:\/\/www.ino.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">INO.com <\/a>and <a href=\"https:\/\/club.ino.com\/members\/?mktcode=blogjl\" target=\"_blank\" rel=\"noopener noreferrer\">MarketClub.com <\/a> <\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The DOW slid 234.33 points or -0.7%, to 32,627.97 on Friday, pressured by Visa and JPMorgan. The S&#038;P 500 dipped -0.1% to 3,913.10, closing off its lowest level of the day when it fell 0.7%. The NASDAQ gained +0.8% to 13,215.24 as investors bought the dip in tech shares which had been putting pressure on [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":54259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[14379,6249,6320,6319],"class_list":["post-54258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-videos","tag-bitcoin-bitstampusd","tag-dow-indexdji","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tech Selloff Continues To Pressure Market - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"description\" content=\"The DOW and S&amp;P 500 lost -0.5% and -0.8%, respectively, this week, and the NASDAQ also declined -0.8% for the week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2021\/03\/tech-selloff-continues-to-pressure-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech Selloff Continues To Pressure Market - 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