Global semiconductor stocks experienced a selloff that pressured Nasdaq 100 futures, leading traders to monitor the 50-day moving average support. Despite a brief recovery in chip stocks on July 10, the NASDAQ Composite fell 0.90% by July 13, slipping below its 200-hour moving average. Concurrently, the S&P 500 remained below key resistance levels while holding near its 200-hour moving average support.
