The NASDAQ-100 is an index that is constituted by 100 of the largest companies listed on the NASDAQ stock exchange, which is the second largest in the world only after the New York Stock Exchange by market capitalization. The companies that are listed in this index range from a variety of industries like Technology, Telecommunications, Biotechnology, Media, and Services. The NASDAQ-100 was first calculated in January 31 of 1985 by NASDAQ and it is a modified capitalization-weighted index. This index has been of good reference to investors that want to know how the stock market is performing without financial services companies, this given that the index excludes financial companies.
The tech-heavy index booked a 7-month gain of a whopping 37.1%, blowing past peers S&P 500 and Dow.
Stocks keep extending the rally while investors are putting recession fears in the rearview mirror.
Tesla, Netflix, and other big tech names dragged the index to its biggest one-day drop in 4 months. The Dow notched a 0.5% gain.
Artificial intelligence may not be that present in Q2 financials, but boy do investors hope to see it in the guidance.
It’s Inflation Day and investors are hyped to see another drop in consumer price growth, fueling demand for stocks.
The tech-heavy index pulled off an incredible rally despite Fed tightening. Investors should thank generative AI.
The tech-loaded index stretched into another winning session, while the S&P 500 was dragged lower by Nvidia’s drop.
Wall Street’s tech-loaded index is on a tear unseen since early 2019, gaining more than 30% for the year.
Wall Street is breaking to new highs for the year, riding on lowering inflation and hopes for a Fed pause.
The tech-composed index treaded water as mixed economic data paints a blurry picture for the Fed’s next meeting.
It’s a wrap! After lawmakers in the upper chamber cast their vote, the legislation is now headed to President Biden’s desk.
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