Results for: Nasdaq Composite

The Nasdaq Composite continued its upward trend yesterday, extending the rally that began last week. This move was driven by a mixed bag of economic data, including positive news on the inflation front but concerning news on the labor market. The market’s focus was primarily on the reduced likelihood of a more aggressive interest rate hike path, which triggered a relief rally. The Nasdaq Composite closed the gap with the blue 8 on the daily chart, indicating a better balance in the market after the recent selloff. The 38.2% level and moving average provide potential support, while the sellers may aim to enter around the Fibonacci level for a potential drop. Buyers, on the other hand, seek a break above the resistance to increase bullish momentum. On the 4-hour chart, sellers will find a favorable risk-to-reward setup around the 15929 resistance, where the red 21 moving average and 50% Fibonacci retracement level converge. Breaking above this zone would strengthen bullish bets for the buyers.

The Nasdaq Composite closed higher yesterday due to a lack of negative news. Geopolitical fears surrounding Israel-Iran tensions subsided, potentially contributing to the positive sentiment. However, inflationary pressures remain a concern ahead of upcoming US economic data releases. The index rallied from support at 15162 and encountered resistance at 15453, where a break above or below could indicate future price direction. The Fed’s recent shift in stance indicates that inflation may continue to weigh on prices. Key economic data to watch this week include US Flash PMIs, US Q1 GDP, US Jobless Claims, and US PCE report.

U.S. equities closed higher on Monday, driven by robust performances in the technology, financial, and utilities sectors. The Dow Jones Industrial Average climbed 0.67%, while the S&P 500 index advanced 0.87%, and the NASDAQ Composite index gained 1.11%. Notable gainers included Goldman Sachs, JPMorgan Chase, Procter & Gamble, Ford Motor Company, and United Airlines Holdings Inc.

The stock market rebounded after last week’s decline, helped by easing geopolitical tensions and upcoming earnings reports from major companies. The Dow Jones Industrial Average rose 0.7%, the S&P 500 added 0.9%, and the Nasdaq Composite gained 1.1%. Investors had been concerned about higher interest rates and mixed quarterly results, but this week’s news seems to have eased those concerns. However, Tesla shares continued to decline after the company cut prices in China and Germany, and Verizon disappointed with its quarterly revenue growth. Several major events could cause choppy trading in the days ahead, including earnings reports from Big Tech companies and the release of inflation data.

US stocks rebounded strongly on Monday after a recent downturn, buoyed by easing tensions in the Middle East and upcoming tech earnings reports. The Dow Jones Industrial Average surged over 400 points, while the S&P 500 and Nasdaq Composite climbed 1.4% and 1.6% respectively.

US equity markets have opened higher, but the gains are tempered by recent selling pressure. The Nasdaq Composite Index is currently up 0.45%, while Nvidia shares have rebounded 3.4% after a 10% drop on Friday.

US stock indices closed lower last week, with the Nasdaq Composite falling for its sixth consecutive session, marking its longest losing streak in over a year. The S&P 500 also experienced a downturn, while the Dow Jones Industrial Average rose slightly. The decline was driven by a drop in Nvidia, geopolitical tensions, and persistent inflation.