The recent announcement that President-elect Joe Biden is considering a $1.9 trillion stimulus package has swept the momentum out of the tech-heavy Nasdaq 100 (NDX), at least in the near-term. The index has fallen by about 2% from its recent all-time high at 13110 on January 8, as the possibility of additional stimulus measures sends […]
Wall Street saw a red trading session on Monday, as investors cashed out their profits after a bullish start to 2021 and amid worries of the political situation in Washington. The Nasdaq 100 (NDX) shaved off about 1.5% from its value after hitting a new all-time high at 13100 last week. Last week’s rally got […]
Wall Street saw a significant bull rally on Thursday, causing the top indexes to record new all-time highs. The rally came on the back of the recent Georgia Senate runoff, which saw Democrats win both seats. The ‘Blue Wave’ outcome means that the Biden administration will control both the White House and Congress, which will […]
Wall Street traded lower on Monday, the first trading session of 2021, as worries over the ever-growing Coronavirus cases and the Georgia runoff elections take center stage. The Nasdaq 100 (NDX) saw a damning 3% decline from a fresh all-time high around 12950 before recovering just halfway (1.5%) by the close of the market yesterday. […]
Wall Street clocked out of the last trading session in 2020 with decent gains amid the impending US fiscal stimulus package, vaccine rollout, and dovish Fed stance. All three major US indices—Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones (DJIA)—printed new record highs in December, in what many traders have termed the “Santa rally.” […]
Wall Street traded on a bullish tone early on Tuesday, following a significant rally on Monday that sent many indexes to fresh record highs. The Nasdaq 100 (NDX) grew by about 1.01%, or 127.85 points, recording a new all-time high. The Dow Jones (DJIA) jumped by 0.7%, while the S&P 500 rose by 0.9%. The […]
2020 was full of surprises—to say the least—for Wall Street and was a good year for investors, as attention shift to 2021. The Nasdaq 100 (NDX) is currently trading close to its all-time high amid a raging bull market. Although this might seem normal, you start to see the remarkability in this performance when you […]
Wall Street slipped lower in the early hours on Monday, with the Nasdaq 100 (NDX) falling as much as 1.4%, before rebounding and climbing higher. Meanwhile, Tesla (NASDAQ; TSLA) got most of the attention, as today marks the first day that the electric vehicle manufacturer’s stock will trade on the S&P 500 index (SPX). Meanwhile, […]
Wall Street traded on a positive sentiment yesterday, as Nasdaq 100 (NDX) hit a new all-time high around 12760.97 amidst renewed stimulus optimism and the Fed’s dovish stance. The NDX rose by 83.90 points or +0.66%. Meanwhile, the S&P 500 (SPX) gained 0.18%, while the Dow Jones (DJIA) gained 0.45%. Risk appetite on Thursday got […]
