- Charter Communications (CHTR) is up 4.44%, along with Fastenal, which is up 3.67% on the day.
- Netflix closes the day with a capital gain of 1.38%, just days before publishing its quarterly report.
The Nasdaq 100 set a daily low at 20,328 during the European session, finding buyers that pushed the tech-heavy index to a daily high at 20,589. At the time of writing, the Nasdaq 100 is trading at 20,415, gaining 0.37% on the day.
Nasdaq 100 closes second straight session higher ahead of Netflix earnings report
Charter Communications (CHTR) closed the day at $324.42, up 4.30%. On the other hand, Fstaenal posted a daily gain of 3.71%, closing at $67.87.
Investors will be watching Netflix when it reports its second-quarter results on Thursday. The company beat expectations in its most recent report on April 18, reporting $9.37B in revenue and $5.28 in earnings per share. The consensus among analysts is for revenue of $9.5B and earnings per share of $4.74 for the quarter ending in June.
Technical levels on the Nasdaq 100
The Nasdaq 100 is in a clear uptrend, supported by the first support located at the 13-period Moving Average at 20,198. The next support is located at 19,945, given by the 78.6% Fibonacci retracement. The closest resistance is at 20,754, an all-time high set on July 11.
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.
