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Nasdaq 100 holds bullish trend despite US-Iran tensions and profit-taking, supported by strong technicals.

Market News
08 May 2026
Seeking Alpha
View Source
Neutral
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The Nasdaq 100 index remains in a bullish trend despite short-term volatility caused by renewed US-Iran conflict and profit-taking by traders. The index stabilized above a key support level at 28,280, with market sentiment briefly shaken by conflict headlines but recovering as ceasefire hopes improved. Broad market participation and positive technical indicators suggest the potential for continued near-term gains. Investors should watch geopolitical developments closely as they influence risk appetite and market direction.

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