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US stocks are set to fall further on Friday, with futures now in the red, led once more by tech stocks.The Nasdaq Composite Index saw a 4.96 percent plunge on Thursday, which was its biggest single-day decline since June 11th. The Nasdaq 100’s 5.23 percent dive yesterday was its steepest since March. The selloff was likely fuelled by concerns that its lofty valuations may prove unsustainable, triggering a wave of profit-taking which also left a trail of carnage in the options market.From a technical perspective, the drop was necessary and healthy, as it brought the Nasdaq’s 14-day... Read More
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