Weekly Overview
The NASDAQ 100, currently priced at 704.36, has shown resilience, closing up 1.54% from the previous week’s close of 693.69. This week, the index is testing key resistance levels at 706.42, which coincides with the recent high recorded. The positive momentum is driven by a mixture of strong tech earnings and investor sentiment, despite underlying skepticism in the market.
Recent news highlights include a softening outlook following Nvidia's results, which ironically sparked mixed reactions. Additionally, the upcoming economic data may significantly influence market direction. Investors are closely monitoring these developments as we approach pivotal price levels.
Key Events This Week
- Central Bank Decisions: The Federal Reserve's latest meeting is scheduled for Wednesday. Investors will be keen on any hints regarding interest rate changes, especially in light of inflation concerns.