- The Nasdaq 100 index has posted gains for the second consecutive session.
- Tesla (TSLA) is up 9.20%, while ON Semiconductor (ON) is up 4.24% today.
The Nasdaq 100 hit a daily low during the European session at 19,672 before rebounding to a daily high of 19,985. At the time of writing, the Nasdaq 100 is trading at 19,975, gaining 0.85% on the day today.
Tesla (TSLA) releases its Q2 2024 vehicle deliveries report
The electric vehicle company led by Elon Musk has released its report on deliveries for the period between April and June of this year. Tesla delivered 443,956 vehicles, exceeding the consensus of analysts who expected 439,000 units in that period. This result is viewed positively by investors, leading its stock to currently trade at $229.16, gaining 9.20%.
On the other hand, the smart energy company, ON Semiconductor, is trading at $262.55, showing a daily gain of 4.91%.
Technical levels on the Nasdaq 100
The Nasdaq 100 has resumed its uptrend, establishing the first short-term support at 19,750, in confluence with the 50% Fibonacci retracement. The nearest resistance is at 20,087, an all-time high reached on June 20.
Nasdaq 100 1-hour 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.