Nasdaq (Briefly) Tops 10,000 As Big Tech Rallies Back To ATHs (Comic) By Investing.com

Nasdaq Tops 10,000 As Big Tech Rallies Back From Coronavirus



By Jesse Cohen

Investing.com – Stocks rallied on Friday in as Wall Street clawed back some of the sharp losses from the previous session.

The major averages, however, suffered their worst week since March as traders grew nervous of a resurgence in Covid-19 cases.

Despite that, the has managed to rally nearly 45% from an intraday low set on March 23.

The tech-heavy index set a new all-time high above the 10,000-level on Wednesday.

The Nasdaq’s upbeat performance has come on the back of strong gains in many of the big-name tech-related shares, most notably Apple (NASDAQ:), Microsoft (NASDAQ:), Amazon (NASDAQ:), and Facebook (NASDAQ:).

The combined market value of the four companies is close to $5 trillion, with Apple claiming the top spot at $1.47 trillion, followed by Microsoft at $1.42 trillion and Amazon at $1.27 trillion.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

Investing.com


Leave a Reply

Your email address will not be published. Required fields are marked *


About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.


CONTACT US

CALL US ANYTIME