NASDAQ
Nasdaq is trading in an uptrend over the medium term, which leaves room for prices to rise and form new highs, while a break below the $30,800 support level may target $30,200 in today’s trading.
|
Support |
30800 | 30200 |
| Resistance | 31400 |
31600 |
Nasdaq continued its positive performance during today’s trading, supported by sustained momentum in technology and artificial intelligence stocks after the index reached record levels in the previous session. The current advance reflects continued investor appetite for growth stocks, particularly as semiconductor and data center companies remain in focus amid strong spending on AI-related infrastructure.
The index’s strong performance also came alongside a relative easing in U.S. Treasury yields compared with their recent highs, helping reduce some of the pressure on technology stock valuations. Lower expectations for an October rate hike also supported investor sentiment, while attention remains focused on the Federal Reserve meeting minutes for clearer signals on the path of monetary policy in the coming period.
At the same time, markets are preparing for the start of the third-quarter earnings season, which will be a key test of whether current market levels are supported by actual earnings growth. Major technology companies and semiconductor stocks will remain closely watched, as continued strength in earnings and forward guidance could provide further support to the Nasdaq, while weaker results or another rise in bond yields could limit the pace of gains.
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