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Nasdaq 100 rises more than 200 points, registering a new all-time high

  • The Nasdaq 100 had an upward movement of more than 200 points after the release of inflation data from the United States.
  • Investors are optimistic by making aggressive purchases in NVIDIA Corporation (NVIDIA) and Advanced Micro Devices Inc (AMD).

Monthly inflation stood at 0.3% in April, improving expectations of 0.4%. The market has digested this information with optimism, bouncing strongly at 18,357 and reaching a high at 18,568 during the American session.

Investors trust technology companies

New all-time highs have been reached on the Nasdaq 100 at 18,568 points and technology companies such as NVIDIA, trading at $945 +30.30 (+3.38%) or AMD trading at 158.35 +5.16 (+3.37%) have benefited from the bullish rally. of today. Investors maintain good expectations in the sector after the release of inflation data in the US.

Technical levels on the Nasdaq

The first support in the short term is found at the pivot point 18,357, the minimum of today's session. By establishing all-time highs, the next resistance is found at the round number 18,600. The RSI reading shows a very high overbought level, waiting for a pullback in the coming sessions

Nasdaq 100 15-minute chart

Source: Fx Street

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