- The Nasdaq 100 rises 1.69% today, reaching highs in more than a week.
- Intel Corporation (INTC) shares rise 9.25% daily, amid rumors about a possible acquisition.
- MicroStrategy Incorporated (MSTR) shares gain 8.04% on the day, reaching highs not seen since December 17, 2024.
The Nasdaq 100 set a day’s low at 21,084, attracting aggressive buyers who pushed the index to a Jan. 7 high of 21,523. Currently, the Nasdaq 100 trades above 21,442, gaining 1.69% on Friday.
Intel Corporation and MicroStrategy Incorporated Lead Nasdaq 100 Gains
Shares of semiconductor and microprocessor maker Intel Corporation (INTC) rose 9.18% today, reaching highs not seen since December 5, 2024 at $21.62. This rally follows rumors of an acquisition by a technology sector leader.
On the other hand, MicroStrategy Incorporated (MSTR) shares gained 8.04% today, marking its fourth consecutive day on the rise, reaching highs not seen since December 17, 2024 at $368.68.
The Nasdaq 100 technology index registers a weekly gain of 2.88%, currently trading above 21,442 and ends a streak of two consecutive weeks with losses.
Technical levels on the Nasdaq 100
The Nasdaq 100 established short-term support given by the January 16 low at 21,086. We see the next key support at 20,532, the pivot point of January 13. To the upside, the nearest resistance is at 21,697, the January 6 high.
Nasdaq 100 4-hour chart
Nasdaq FAQs
Nasdaq is an American stock exchange that began as an electronic stock ticker. At first, the Nasdaq only offered over-the-counter (OTC) stock listings, but it later became an exchange as well. By 1991, the Nasdaq had grown to represent 46% of the entire US stock market. In 1998, it became the first US exchange to offer online trading. The Nasdaq also produces several indices, the most comprehensive of which are the Nasdaq Composite, which represents the more than 2,500 Nasdaq securities, and the Nasdaq 100.
The Nasdaq 100 is a large-cap index composed of 100 non-financial companies on the Nasdaq Stock Exchange. Although it only includes a fraction of the thousands of stocks on the Nasdaq, it explains more than 90% of the movement. The influence of each company in the index is weighted based on market capitalization. The Nasdaq 100 includes companies highly focused on technology, although it also includes companies from other sectors and from outside the United States. The Nasdaq 100’s average annual return has been 17.23% since 1986.
There are several ways to trade the Nasdaq 100. Most retail brokers and spread betting platforms offer Contracts for Difference (CFD) betting. For long-term investors, exchange-traded funds (ETFs) operate like stocks that mimic the movement of the index without the investor having to buy all 100 companies that comprise it. An example of an ETF is the Invesco QQQ Trust (QQQ). Nasdaq 100 futures contracts allow you to speculate on the future performance of the index. Options provide the right, but not the obligation, to buy or sell the Nasdaq 100 at a specific price (strike price) in the future.
There are many factors that drive the Nasdaq 100, but primarily it is the aggregate performance of its component companies, revealed in their quarterly and annual earnings reports. US and global macroeconomic data also contribute, influencing investor sentiment, which if positive, drives earnings. The level of interest rates, set by the Federal Reserve (Fed), also influences the Nasdaq 100, as it affects the cost of credit, on which many companies largely depend. Therefore, the level of inflation can also be an important factor, as well as other parameters that influence the Federal Reserve’s decisions.
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.