The Nasday is now down neary 7% from the intraday high ...Middle East

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The Nasday is now down neary 7% from the intraday high

The gains in US stock markets early today were based on hopes of a delay in tariffs or at least a delay in the 50% extra China tariffs. Instead, it looks like they will go ahead.

That's led to a 7% intraday decline in the Nasdaq as a more than 4% gain has turned into a 2.2% loss. Amazingly, the index isn't even close to yesterday's low due to a huge reversal in the opposite direction yesterday.

    Within the index, the volatility in Nvidia is breathtaking as it's traded in a range of $86.62 to $105.85 and is now lower on the day.

    This article was written by Adam Button at www.forexlive.com.

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