Nasdaq 100 meets strong support and forms a falling wedge pattern - is a reversal imminent?
In this section, you will find important Nasdaq 100 news, actionable trading ideas, and a live Nasdaq 100 CFD chart to help you understand the market better.
The Nasdaq 100 index launched in January 1985, and represents the largest non-financial domestic and international securities per market cap listed on the Nasdaq Stock Market. The index is a modified capitalization-weighted index. The stocks’ weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest companies. The Nasdaq 100 includes companies across all industries including biotechnology, hardware, software, telecoms, and retail/wholesale trade companies. The index does not include any financial companies. The technology sector accounts for 55% of the index’s weight followed by consumer services accounting for 25%, so it is a better proxy for the technology than any other index in the USA. 27 countries are tied to companies represented in the index.
For inclusion in the stock index, securities must be listed exclusively on a Nasdaq exchange.
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Nasdaq 100 News
Netflix share prices are trading at 488.95 at premarket, which is a full $9 below yesterday’s closing price as the market continues to respond to the latest Netflix earnings report. Why is the Netflix share price trending downwards despite an increase in revenue and operating income? Netflix reported its Q3 […]
The Nasdaq 100 index was looking to rally after building support in the 11,600 levels as the market bucked a six-day losing streak yesterday. Futures are pointing to a lower open of -0.13% but there is still a chance for the bulls to take charge after a strong earnings release […]
US futures are rising as investors react to strong earnings from companies like Procter & Gamble (P&G), Texas Instruments, and Snap. The Dow Jones, S&P 500 index, and Nasdaq 100 are up by 0.60%, 0.65%, and 0.57%, respectively. The closely-watched fear and greed index remains at 58, which is a […]
Investors on the Nasdaq 100 seem not to be bothered by the latest antitrust brought against one of the tech giants on the index, Google. The DoJ is suing the Alphabet company for alleged improper and unfair practices that secured its market positioning against its competition. There has been some […]
Google share price is down nearly % after the US Justice Department said on Tuesday that it would file antitrust proceedings against Alphabet Inc company Google. Reuters quoted a source close to the situation as saying that the company broke antitrust laws in fending off rivals to maintain its market […]
The Nasadaq was over 1% higher on Friday as the index tries to reverse a three-day pullback but fund manager Cole Smead sees a “nightmare” in valuations. The president of Smead Capital Management told CNBC that “young, dumb” investors have created a “total nightmare” in the stock markets. Smead used […]
The stock market corrects from the highs, and the Nasdaq 100 is one of the indices to show it. After it bounced from dynamic support, it formed an inversed head and shoulders pattern. It recently completed the measured move but did not make a new all-time high yet. Plenty of […]
Stocks on the Nasdaq 100 have lost the opening momentum and have turned lower after US Treasury Secretary Steven Mnuchin opined that it would be hard to get a deal before the US elections. Mnuchin made these remarks at the Milken Institute Global Conference. Despite his optimism about making progress […]
US futures are relatively unchanged today ahead of earnings. In China, market value of all publicly traded companies reached an all-time high. In Europe, the DAX index and FTSE 100 are little changed. American futures are little changed today as investors reacted to US corporate earnings that started yesterday. Dow […]