- Nasdaq 100 slides 0.92% on Tuesday, reaching minimum of May 2 in 19,652.
- VERTEX Pharmaceuticals (VRTX) titles collapse at 10.03% daily, reaching minimal not seen since January 23.
- The values of Palantir Technologies (PLT) lose 12.05% in the day, after the publication of their profit report.
The Nasdaq 100 marked a daily maximum in 19,930, where it found vendors who took the index to a minimum of the day in 19,652. At the time of writing, the Nasdaq 100 is quoted about 19,782, losing 0.92% on the second day of the week.
Palantir Technologies drags Nasdaq 100 to negative territory
Palantir Technologies (PLT) values lose 12.05% today, signing two consecutive days with losses.
PLTR announced its quarterly report, obtaining 883.86 billion dollars of income compared to 862.17 billion dollars planned by analysts and a gain per share of 0.13 $, slightly above 0.129 estimated.
Despite exceeding the estimates, PLTR registered a 10% decrease in its global sales, worrying its investors who reflected the distrust of the company’s short term to take it to minimal not seen since April 24 at 105.32 $.
On the other hand, the shares of VERTEX Pharmaceuticals (VRTX) fall 10.03% in the day, reaching minimum of January 23 in 428.55 $ after publishing its profit report.
VRTX obtained revenues for 2.77 billion dollars compared to the 2.86 billion dollars expected by analysts, as well as an action of $ 4.06, below the 4,245 planned by the market.
In this sense, the Nasdaq 100 went back 184 points on the day of Tuesday, losing 0.6 causing 0.92%, reaching minimum of May 2 in 19,625.
Technical levels at Nasdaq 100
The Nasdaq 100 reacted upwards from a short -term support given by the minimum of April 21 at 17,602. The following key support is at 16,347 minimum of April 7. To the north, the important resistance is at 22,241, pivot point of February 18.
NASDAQ 100 DAILY GRAPH
NASDAQ FAQS
The Nasdaq is an American stock exchange that began being an electronic value quoter. At first, the Nasdaq only offered quotes of extraburstile values (OTC), but later also became a bag. In 1991, Nasdaq had grown up to 46% of the entire US stock market. In 1998, it became the first US stock exchange to offer online negotiation. The Nasdaq also prepares several indexes, the most complete of which is the Nasdaq Composite, which represents the more than 2,500 Nasdaq values, and the Nasdaq 100.
The Nasdaq 100 is a large capitalization index composed of 100 non -financial companies of the Nasdaq stock exchange. Although it only includes a fraction of the thousands of Nasdaq values, it explains more than 90% of the movement. The influence of each company in the index is weighted based on stock capitalization. The Nasdaq 100 includes companies that are very focused on technology, although it also encompasses companies from other sectors and outside the United States. The annual average profitability of Nasdaq 100 has been 17.23% since 1986.
There are several ways to operate with the Nasdaq 100. Most of the Stred Betting Retail Corridors and Platforms offer bets through contracts by difference (CFD). For long -term investors, quoted funds (ETF) operate as shares that mimic the movement of the index without the investor having to buy the 100 companies that compose it. An example of ETF is the investment QQQ Trust (QQQ). Nasdaq 100 futures contracts allow specular to the future evolution of the index. The options provide the right, but not the obligation, to buy or sell the NASDAQ 100 at a specific price (exercise price) in the future.
There are many factors that promote Nasdaq 100, but mainly it is the aggregate performance of the companies that compose it, revealed in their reports of quarterly and annual results. American and world macroeconomic data also contribute, since they influence investors’ confidence, which is positive drives profits. The level of interest rates, set by the Federal Reserve (FED), also influences Nasdaq 100, since it affects the cost of credit, which many companies depend largely. Therefore, the level of inflation can also be an important factor, as well as other parameters that influence the decisions of the Federal Reserve.
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.
