- The Nasdaq 100 is up 0.15% on the day, marking its third consecutive session of gains.
- Constellation Energy (CEG) shares are up 3.54%, in line with Intel Corporation (INTC), whose shares are up 3.46% on the day.
The Nasdaq 100 set an intraday low at 19,844, finding buyers who pushed the tech-heavy index to a daily high at 20,045. At the time of writing, the Nasdaq 100 is trading at 19,968, gaining 0.15% on the day.
Intel Corporation and Constellation Energy boost the Nasdaq 100 into positive territory
Constellation Energy shares rose 3.54% to a two-day high of $263.85, driven by rising demand for electricity from the creation and development of new data centers focused on artificial intelligence.
On the other hand, Intel Corporation posted a gain of 3.46% on the day, signing its fourth consecutive session on the rise and reaching a high of almost two months at $24.06.
The Nasdaq 100 is trading in thin volume, reflecting a tight trading range, ahead of speeches by Federal Reserve Chairman Jerome Powell and members of the Federal Open Market Committee tomorrow.
Technical levels on the Nasdaq 100
The Nasdaq 100 reacted to the upside at a short-term support located at 19,291, the low of September 16. The next key support is located at 18,394, the pivot point of September 6 supported by an upward trend.
The closest resistance is at 19,950, an area that converges with the 78.6% Fibonacci retracement. The next key resistance is at 20,754, an all-time high reached 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.
