- The Nasdaq 100 goes back 0.93% on Friday, reaching minimum of May 12 in 20,675.
- Workday shares, INC (WDAY) collapse 12.52% today, reaching minimums not seen since April 28 in $ 237.
- Copart values, INC (CPRT) lose 11.52% in the last day of the week, currently quoting about 53.67 $.
The Nasdaq 100 marked a maximum of the day in 21,167, where it found aggressive vendors that dragged the minimum index of May 12 in 20,675. At the time of writing, the Nasdaq 100 operates over 20,915, falling 0.93% daily.
Copart and Workday lead the losses in Nasdaq 100
The Software Developer Specialized in Workday Human Capital Management, INC (WDAY) has a drop of 12.41% in the price of its action, visiting minimal not seen since April 28 in $ 28 in $ 237 after the publication of its profit report.
Wday reported revenues for 2.24 billion dollars compared to the 2.22 billion dollars provided by the Consensus of analysts, as well as a gain per share 2.23 $ compared to the $ 2,007 planned by the market. Despite exceeding the estimates, the growth projection was lower than expected, so investors punished the company.
In the same tune, the Copart (CPRT) values ​​fall 11.52% daily, reaching a minimum of April 7 in 53.33 $, signing its fifth consecutive day down.
CPRT disappointed the analysts’ forecasts by reporting income for 1.21 billion dollars, slightly lower than 1.23 billion dollars planned, as well as a gain per share of $ 0.42, compared to the projected $ 0.417.
After these figures, BNP Paribas reduced the target price of CPRT to 66 $ from $ 69. Similarly, JP Morgan adjusted its target price to $ 55 from $ 60.
In this scenario, the Nasdaq 100 backed 195 points, currently quoting at 20,915.
Technical levels at Nasdaq 100
The Nasdaq 100 formed a short -term resistance given by the maximum on May 21 in 21,485. The following important resistance is found in 22,241, Maximum of February 18. Down, the key support is in 19.006, pivot point of April 30 in convergence with the exponential mobile average of 13 periods.
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.
