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NASDAQ 100 Index Breaks Above 16,000 Points Again: Will It Hold?

The US equities are showing a mixed sentiment at the start of this week as investors await the key inflation data later this week. However, the NASDAQ 100 index gained 37 points as major tech players still managed to catch a bid as

On the other hand, the S&P 500 index was down a couple of points till press time as the broader market sentiment remained somewhat cautious. At press time, SPY and QQQ stood at 455.08 and 390.29, respectively.

The shares of some US retailers showed a positive price action today as the investor focus shifted to them amid Cyber Monday sales. Nevertheless, it is still not clear if the gains hold for the rest of this week.

On Monday, stocks of the major tech players like Nvidia, Amazon and Apple led the gains in the sector.

However, Meta and Netflix stocks faced a negative sentiment and were down, 0.28% and 0.12%, respectively till press time.

NASDAQ 100 chart
Daily Chart Of The NASDAQ 100 Index

All eyes are now on the bull’s ability to hold the 16,000 points level. If this level holds in the coming days, the Nasdaq 100 index forecast will turn bullish with a possible retest of the all-time highs around 16,795.