At the start of the new trading week, Wall Street shook off its recent series of losses. Almost two hours before the close of trading, the S&P 500 and the Nasdaq 100 are clearly up. The latter even jumps to a new record high. However, the US leading index Dow Jones is heading downwards again.
After seven days of losses in a row, the… Dow Jones Two hours before the final bell, there was another minus of 0.02 percent to 43,817 points. However, it is developing significantly better S&P 500which rises almost 0.5 percent to 6,083 points. Things go even higher for him Nasdaq 100: After the index set a new record high of 22,106 points, it recently rose by a good one and a half percent.
In front of the Nasdaq 100
(WKN: A0AE1X)
Ahead of the interest rate decision on Wednesday, investors are once again favoring technology stocks. The majority of stock market traders expect the central bank to help the stock market with another interest rate cut of 0.25 percentage points. Falling interest rates make loans cheaper and can therefore stimulate the economy through investments and give tech stocks in particular a boost.
Reason: Technology stocks are generally considered to be favored in an environment of falling interest rates, but above all, the fantasy of artificial intelligence (AI) continues to be noticeable as their prices rise. In this regard, the shares of Broadcom have become investors' new favorites: they had already shot up by almost a quarter on Friday after a strong quarterly report. They have now followed this up with an increase of nine percent on their record run. AI darling Nvidia In the meantime, it is falling slightly, but the dip could prove to be an ideal opportunity to buy again in the long term.
Meanwhile, there are new records Amazon, alphabet and Tesla. The rally of the Great 7 This continues impressively, as does a look at the chart Great 7 index shows:
SOLACTIVE US MAGNIFICENT 7 INDEX (PRICE) (USD)
(ISIN: DE000SL0B335)
The winners of the Nasdaq 100 rebalancing include the AKITONÄR recommendations Microstrategy as well as Palantir and Axon. Super microcomputer and Illuminabut also Moderna are flying out on December 23rd instead. Accordingly, the Super Micro Computer share is one of the top losers, although the losses shrink to around seven percent.
Microstrategy However, it is also driven by the new Bitcoin record high. The cryptocurrency improved its all-time high to $107,594.10. This means that the record from Monday night is history again.
Bitcoin
(ISIN: CRYPT0000BTC)
Also exciting: quantum computer superstar Rigetti computer explodes by another 27 percent. Since the beginning of the year, the share price has increased by an incredible 885 percent. But also IonQ adds another 22 percent. In the case of stocks, they were received in a timely manner Hot Stock Report recommended.
For SHAREHOLDER tip Soundhound AI According to the new price target from tech bull Dan Ives, it is also going up by double digits.
Contains material from dpa-AFX