The robust financial statements of the technology giants have woken up the industry by helping the Nasdaq 100 achieve its strongest growth for 8 years and end the rumors that the FANG group is no longer up to date.
Today, Alphabet is trading at 6.1%, Microsoft's 7.3%, and Amazon 13%. High positivism gained after companies made record financial reports that exceeded the forecasts of Wall Street players. After record financial data, these same market participants are of the opinion that the rotation of funds will again be in vogue, and it is very likely that we will observe a rather prolonged inflow into the sector.
Only about a day were added about $200 billion. to the market capitalization of Nasdaq 100 companies, whose current growth is 2.8%.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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