- Arm Holdings (ARM) is up 4.60%, in line with ON Semiconductor, which is up 3.54% on the day.
- Investors are gearing up for quarterly earnings reports from Netflix and Interactive Brokers.
The Nasdaq 100 set a daily low at 20,151 during the European session, finding buyers that pushed the tech-heavy index to a daily high at 20,526. The Nasdaq 100 is currently trading at 20,315, gaining 0.50% on today’s trading.
Investors will be focused on Netflix’s earnings report
The subscription streaming company will release its second-quarter results next week, with analyst consensus expecting revenue of $9.5B and earnings per share of $4.74.
Interactive Brokers will also publish its quarterly report next Tuesday. Market expectations indicate revenues of $1.21B and earnings per share of $1.67.
Arm Holdings (ARM) recovered from yesterday’s losses and closed the day at $181.15, up 4.60%. ON Semiconductor posted a daily gain of 3.54%, closing at $76.87.
Technical levels on the Nasdaq 100
The Index pulled back to the first support located at the 13-period Moving Average at 20,139. The next support is located at 19,965, given by the 78.6% Fibonacci retracement. The nearest resistance is at 20,754, an all-time high set yesterday.
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.
