NASDAQ 100 : Greater elasticity in commercial advertising
Technology stocks are once again on the radar of investors returning to risky assets, motivated by a lull in negotiations over the Sino-American trade dispute.
The Nasdaq reacts with a stronger "beta" than its index partners, to the initiatives of both countries, through the exposure of its components to the Chinese market. Since its recent low of August 23, the Times Square index has gained more than 5%, driven by semiconductor companies such as LAM Research (+10%), Applied Materials (+9%) and Intel (8%).
Graphically in daily data, the index was contained in a broad lateral trend bounded by the top at 7740 points and the bottom at 7420 points. The Nasdaq shows bullish tendencies when trying to cross the top line. A "day close" would pave the way for recent historical peaks at 8,000 points. On the other hand, a return below 7740 points would boost the lateral consolidation movement.
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