Video Nasdaq Holds its Ground Alphabet Completes its ABC
Despite weakness across Wall Street, the Nasdaq 100 has held up relatively well which makes it an outperformer of late.
Share this:
![[Video] Nasdaq Holds its Ground, Alphabet Completes its ABC](/-/media/Research/Global/News Analysis/Featured Image/2021/03/Stocks1v2)
We look at a pivotal level for Nasdaq traders to consider and, as technology stocks are outperforming, update our bullish analysis on Alphabet Inc (GOOG) and Microsoft Corp (MSFT).
S&P 500: Market Internals
S&P 500: 4480.7 (0.85%), 15 September 2021
- Energy (3.8%) was the strongest sector and Utilities (-0.146%) was the weakest
- 11 out of the 11 S&P 500 sectors closed higher
- 397 (78.61%) stocks advanced and 106 (20.99%) declined
- 74.26% of stocks closed above their 200-day average
- 52.48% of stocks closed above their 50-day average
- 41.78% of stocks closed above their 20-day average
Outperformers:
- + 8.3% - EOG Resources Inc (EOG.N)
- + 7.8% - Diamondback Energy Inc (FANG.OQ)
- + 7.6% - Marathon Oil Corp (MRO.N)
Underperformers:
- -6.3% - Wynn Resorts Ltd (WYNN.OQ)
- -5.7% - Electronic Arts Inc (EA.OQ)
- -3.5% - Starbucks Corp (SBUX.OQ)
How to trade with FOREX.com
Follow these easy steps to start trading with FOREX.com today:
- Open a Forex.com account, or log-in if you’re already a customer.
- Search for the pair you want to trade in our award-winning platform.
- Choose your position and size, and your stop and limit levels.
- Place the trade.
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
Gold outlook: Metal rebounds but downside risks persist
For now, at least, my near-term gold outlook remains modestly bearish, even if I have a strong long-term bullish bias towards gold and especially silver.
US Dollar Technical Outlook: DXY, Treasury Yields Retreat Despite Hot CPI 10 15 2026
The US Dollar is testing major support despite hotter inflation as Fed pushback cools yields and forces markets to reassess the path for tightening.
Nasdaq 100 forecast: US tech stocks extend decline as AI concerns intensify
Following the CPI-related drop yesterday, Nasdaq 100 futures have fallen further following a weak handover from Asian markets overnight. US stocks came under intense pressure after a hotter-than-expected inflation report revived bets on further Federal Reserve rate hikes and sent Treasury yields and the dollar higher. While both the dollar and yields subsequently dropped back to pre-CPI levels and more in the case of yields, the Nasdaq has failed to respond positively as concerns over AI trade remained.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.