- The Nasdaq 100 snapped a three-day losing streak and ended the session up 1.03%.
- Charter Communications is up 16.63%, while Baker Hughes is up 5.82% at the close of trading.
- Investors will be focused on Microsoft’s earnings report, due out next Tuesday.
The Nasdaq 100 hit a daily low of 18,870, finding buyers that lifted the tech-heavy index to a daily high of 19,143. At the close of trading, the Nasdaq 100 was trading at 19,022, up 1.02% on the day.
Charter Communications and Baker Hughes lead Nasdaq 100 to higher trading day
Baker Hughes is trading higher at $37.65, gaining 5.82% on the day. Charter Communications shares closed at $367.66, up 16.63%.
The Nasdaq 100 ended a three-day losing streak, gaining 1.03% today. However, it ended the week down 3.68%, dropping 727 points.
Investors will be in the spotlight next Tuesday when Microsoft’s earnings report is released, with consensus forecasts for revenue of $64.37B and earnings per share of $2.93.
Technical levels on the Nasdaq 100
The Nasdaq 100 maintains the bearish trend in the short term, establishing a resistance at 19,950, pivot point of July 23 in convergence with the 13-period Exponential Moving Average. The first support is observed at the low of May 31 located at 18,190. The next support zone is located at 16,970, low of April 19.
Nasdaq 100 daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
