- The Nasdaq 100 loses 0.57% today and reaches the lows of November 21, 2024.
- Constellation Energy (CEG) fell 6.18%, currently trading above $286.29.
- Palantir Technologies fell 4.24% on Monday, trading at $64.38 at the time of writing.
The Nasdaq 100 set a day’s high at 20,773, where it attracted aggressive sellers that drove the index to a nearly two-month low at 20,532. Currently, the Nasdaq 100 is trading above 20,720, falling 0.57%.
Palantir Technologies and Constellation Energy lead losses on the Nasdaq 100
The company specialized in the development of software for data analysis, Palantir Technologies (PLTR) loses 4.70% today, signing its fifth consecutive session downwards and reaching lows not seen since November 22, 2024 at $63.40 .
On the other hand, Constellation Energy (CEG) shares fell 6.18% on the day, currently trading at $286.29. This decline follows the 25.16% rise on Friday after announcing the purchase of the electricity generating company Calpine Corporation. CEG’s intentions are aimed at positioning itself as the leading company in producing clean energy and satisfying the growing demand in the United States.
In the midst of this context, the Nasdaq 100 records its fifth consecutive session with losses, reaching the lows of November 21 at 20,532.
Technical levels on the Nasdaq 100
The Nasdaq 100 established short-term resistance given by the January 6 high at 21,697. We observe the next important resistance at 22,131, the maximum of December 16, 2024. On the downside, the key support is at 20,293, the pivot point of November 19.
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.