- The Nasdaq 100 wins 0.61% today, reaching maximums of April 2 in 19,580.
- The actions of Cadence Design Systems (CDNS) rebound 5.77% after the publication of their profit report.
- The Honeywell International (Hon) values are fired by 5.40% reaching maximums of almost four weeks in 211.49 $.
The Nasdaq 100 marked a minimum of the day in 19,276, attracting buyers who promoted the maximum index of April 2 in 19,580. At the moment, the Nasdaq 100 is quoted over 19,535, winning 0.61% daily.
Honeywell International and Cadence Design Systems keep Nasdaq 100 on positive terrain
The titles of Cadence Design Systems (CDNS) shoot 5.77%, reaching maximums not seen since February 11 in 249.64 $ after the publication of its quarterly report.
CDNS obtained income for 1.24 billion dollars, in line with the estimates of the analysts, as well as an action of $ 1.57 compared to the $ 1,491 provided by the analysts.
Following the upward perspective, the values of Honeywell International (Hon) rebound 5.40% on Tuesday, visiting maximums of April 3 in $ 212.43, signing its second consecutive day upwards.
Hon presented his quarterly report today, obtaining revenues for 9.82 billion dollars compared to 9.59 billion expected dollars. Similarly, it achieved an action of $ 2.51, compared to the 2,209 projected by the market.
In this context, Nasdaq 100 goes up 118 points in the day, winning 0.61%, visiting maximums of April 2 in 19,580.
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 important support is at 16,347 minimum of April 7. To the north, the key resistance is in 19,226, pivot point of April 9.
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.
