- The Nasdaq 100 goes back 1.32% in the day, quoting at the moment in 21,087.
- The shares of Palo Alto Networks (PANW) collapse 6.20% daily, reaching minimum of April 28 at 178.64 $.
- Kraft Heinz Company (KHC) titles lose 4.55% on Wednesday, visiting minimal not seen since April 8, 2020 in 26.62 $.
The Nasdaq 100 reacted down from the maximum of February 24 at 21,485, where it found aggressive vendors that dragged the minimum of May 13 in 21,004. At the time of writing, Nasdaq 100 operates over 21,087, losing 1.32% today.
The Nasdaq 100 ends Wednesday’s day in a negative zone weighed by Palo Alto Networks
The company specialized in cybersecurity, Palo Alto Networks (PANW) has a 6.58% drop in the price of its shares, reaching a minimum of April 28 at 178.64 $.
Panw published its profit report, obtaining income of 2.29 billion dollars compared to the 2.28 billion expected dollars, as well as a gain per share of 0.80 $ compared to the $ 0.772 provided by the market consensus.
Investors were not satisfied with PANW, since the company presented a lower growth than expected in businesses that promise to generate income in the future, reporting 13.5 billion dollars, lower than 13.54 billion dollars planned.
The Barclay´s investment bank adjusted down the target price of Pawn to $ 210 from $ 213, along with JP Morgan, which cut $ 221 from $ 225.
On the other hand, Kraft Heinz Company (KHC) loses 4.55% today, reaching minimal not seen since April 8, 2020 in $ 26,62, thus ending, with a streak of four consecutive days with profits.
In this context, Nasdaq 100 ends Wednesday’s day with a loss of 1.32%, falling 282 points, resuming the short -term bassist perspective.
Technical levels at Nasdaq 100
The Nasdaq 100 reacted down from a short -term resistance given by the maximum on May 21 in 21,485. The next key resistance is located at 22,241, Maximum of February 18. To the south, the closest support is in 19.006, pivot point of April 30 in convergence with the 50% fibonacci setback.
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.
