The Nasdaq 100 (NDX) has rounded off November on a positive note, after the month up by more than 11%. This surge was mainly stimulated by the recently-concluded US Presidential election and the discovery of potential COVID-19 vaccines. These themes were the major dominating fundamental factors through November, as hopes for things to go back […]
Wall Street traded on a mixed sentiment on Wednesday as the Thanksgiving Holiday in the US drew near. Yesterday was Thanksgiving in the US, and markets across the country were closed. Most sectors under the S&P 500 (SPX) traded lower on Wednesday, with Energy stocks and Consumer Stables leading the decline. The Nasdaq 100 (NDX) […]
The Nasdaq 100 (NDX) has lost its title as the most consistent price gainer in the equity space, following a displacement of volatility and a rotation in sectoral demand. The tech-heavy index has climbed by about 7% in its month-to-date standings. However, the Dow Jones (DJIA) and the small-cap Russell 2000 index have grown by […]
US equity indexes closed higher on Thursday, as investors’ market confidence got revitalized following mentions of Washington lawmakers coming back together to pass a Coronavirus fiscal stimulus package to ease the pandemic-induced economic crisis. The Nasdaq 100 (NDX) rose by 90.72 points or (0.76)and closed at 11985.43, while the Dow Jones (DJIA) and S&P 500 […]
The Nasdaq 100 (NDX) traded on a positive note through Monday and is likely to resume its bullish journey in the North American session on Tuesday. The index has started this week on a very positive footing, as market participants expect a replay of last week’s bull run in yet another COVID-19 vaccine-related development. The […]
The recent market shift away from the tech sector into traditional value stocks following the positive COVID-19 news could be short-lived. Investors have trooped into value stocks after a COVID-19 vaccine being developed by Pfizer showed 90% effectiveness against the novel disease. This bolstered companies with a traditional business model, especially at a time when […]
US equity markets went into a frenzy on Monday, following positive results and reporting of a COVID-19 vaccine candidate by Pfizer (NYSE: PFE). The company’s mRNA technology-based vaccine showed a 90% effectiveness result in an initial phase 3 clinical trial. The result was largely better-than-expected, although there are worries that its effectivity could depreciate as […]
The US stock markets saw a sharp reversal in the early trading hours on Friday, following a strong rally pushed the Nasdaq 100 (NDX) up by more than 11% this week alone. This surge was likely as a result of more investors betting on a split Congress, which would forestall any major industry policy changes. […]
The Nasdaq 100 (NDX) was the worst-performing major US index on Monday, as the technology sector continued on its weakened sentiment. While the recent weakness in the industry is regarded as a crucial bearish factor for the NDX, a bigger reason for the slump in the index is due to investors taking flight from riskier […]
