NEW YORK / LONDON (IT BOLTWISE) – The Nasdaq 100 is on the rise, driven by strong performances from companies like Nvidia, Boeing and Warner Bros Discovery. Despite a turbulent November, the technology sector is showing resilience, supported by solid profit growth forecasts and hopes of interest rate cuts from the US Federal Reserve. Cryptocurrencies are also recording strong performance, indicating a return to risk appetite among investors.
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The Nasdaq 100 rebounded after a weak start to the week, rising 0.65 percent, taking it to a three-week high. This positive development is largely due to the strong performance of Nvidia, whose shares rose by one percent and exceeded the important 100-day line. This is seen as a positive chart signal and shows investors’ confidence in the company’s long-term prospects.
The S&P 500 and the Dow Jones Industrial were also slightly stronger, with an increase of 0.15 percent each. Analysts like Pepperstone’s Michael Brown continue to see attractive entry opportunities in the recent share price declines, supported by solid earnings growth and a resilient economy. Market sentiment remains optimistic, also due to hopes that the US Federal Reserve will soon cut interest rates.
Another highlight of the trading day was the strong performance of cryptocurrencies, indicating a return to risk appetite among investors in December. Market participants are now looking forward to the upcoming interest rate decisions, which could significantly influence the further development of the markets.
Boeing also recorded a significant share price increase of 9.4 percent. The company plans to achieve a cash surplus by 2026 and is working to increase production rates. These strategic measures strengthen investors’ confidence in the company’s future profitability.
Warner Bros Discovery also remains in investors’ focus. Rumors of takeover plans by industry giants such as Netflix and Comcast drove the shares up 2.6 percent. These speculations underline the interest of large media companies in consolidating the market in order to strengthen their market position.
In the area of small caps, Credo Technology impressed with a strong interim report. The data specialist’s shares rose by 15 percent and reached over $200 for the first time. This development demonstrates investors’ confidence in the company’s growth strategy and its ability to succeed in a competitive market environment.
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