Results for: Nasdaq

The Nasdaq has experienced a volatile week marked by earnings from major tech companies and concerns over chipmakers. Despite early gains, the index has traded flat, extending its six-day losing streak. Experts believe that the current correction is consistent with the pattern of bull markets, which typically involve steady gains interrupted by sharp declines. They remain optimistic that the market is still in a bull market Despite the bearish sentiment. Additionally, the rise in Treasury yields is seen as a challenge for tech stocks. The catalyst for tech’s recovery is likely to be a downturn in US economic data, particularly inflation.

Stocks edged higher on Monday as investors sought to rebound from last week’s losses, with the S&P 500 and Nasdaq posting modest gains. The moves come as Middle East tensions ease and traders anticipate a busy week of tech earnings. The Dow Jones Industrial Average also rose, while gold prices fell.

U.S. stocks opened higher on Monday, with the Dow Jones gaining over 100 points. The S&P 500 and Nasdaq also rose. Leading the gains were information technology shares, while energy shares fell. The Chicago Fed National Activity Index increased to +0.15 in March, topping market estimates. Moolec Science SA, NewGenIvf Group Limited, and SuperCom Ltd. were among the top gainers, while Vaxxinity, Inc., Hepion Pharmaceuticals, Inc., and Connexa Sports Technologies Inc. were among the top losers.

After last week’s losses, US stock index futures are rising today, with the S&P 500 futures gaining 0.6% and Nasdaq futures up 0.7%. Tesla shares, however, have fallen 3% in pre-market trading after announcing further price cuts in the US and China. Additionally, UBS has downgraded the stocks of several major tech companies, including Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia.