Nasdaq 100 Rebalance And Options Expiration

Key Takeaways

• Tech Stock Show Some Vulnerability
• Oil Moving Higher
• Redistribution Of Weightings In Tech Index

Maybe you remember that high school physics lesson about an object in motion stays in motion unless it meets an equal and opposite force. Well, Thursday was that equal and opposite force. Earnings from Tesla
TSLA
and Netflix
NFLX
, released Wednesday after the close, disappointed investors and sent stocks sharply lower. The S&P 500 fell 0.7% while the Nasdaq Composite dropped over 2%.