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Daily Analysis: NASDAQ on New High Again as Tech Giants Report Blowout Numbers

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Daily Analysis: NASDAQ on New High Again as Tech Giants Report Blowout Numbers

Introduction

This article was posted on Friday, 17:32, UTC.

Friday Market Recap Asset Current Value Daily Change S&P 500 2388 0.25% DAX 12470 0.14% WTI Crude Oil 49.36 0.96% GOLD 1266.00 0.26% Bitcoin 1317 -0.08% EUR/USD 1.0918 0.42%   Google’s parent company Alphabet and Amazon both posted great first-quarter numbers yesterday and the NASDAQ surged to new highs again overnight. The leaders of the current bull market remain very strong, although, on a negative note, only 5 companies (Facebook, Apple, and Microsoft are the other three) account for almost one-third of the whole market’s gains this year. This “narrowing” of the rally is typical late cycle behavior, giving an…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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