The US index of technology companies Nasdaq100 continues to update historic highs. During the trading session Tuesday, the index set a new record by successfully testing the resistance of 9550. At the time of this writing, the index is trading at 9557 points. Market participants attributed such dynamics with the recovery of the US dollar, inspired by strong national statistics. Observed in the last days of the influx of liquidity has led to an increase in USD Index to 98.70, supporting interest in more profitable instruments of the US stock market, the growth leader among them was the Nasdaq-100, which added 5% for the week.
It is worth noting that the index managed to maintain a positive trend despite the poor results of the quarterly reports of systemically important companies like Alphabet Inc. and Fiserv Inc. In particular, the company's revenue Alphabet Inc. for the 4th quarter 2019 amounted to $ 46.08 billion. that worse than forecast $ 46.93 billion. Revenue Fiserv Inc. in the 4th quarter of 2019 also fell short of expectations and amounted to $ 3.71 billion. vs. $ 3.8 billion. In addition, market participants have ignored China's GDP growth forecast for 2020, presented by Fitch Solutions, which was reduced from 5.9% to 5 , 6%. It should be noted that the assessment of Fitch Solutions based on the assumption that the spread of coronavirus is stopped.
However, recent evidence suggests that the outbreak of the virus persist. China's Ministry of Health on Monday announced that 3062 new cases of the disease has been confirmed in the last 24 hours. In total, the number of infected mainland China already accounts for 42 644 people. The number of deaths has risen to 1018. In view of this, the likelihood of further rally of the US market under the big question.
Nasdaq-100 SellStop 9520 TP 8950 SL 9620
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