Nasdaq 100 hits new all-time high
By Joseph Toppe
15:33, 19 November 2021
The Nasdaq 100 made a new milestone by mid-day, powered by a strong start in tech shares.
On Friday, the tech index was also boosted by falling yields.
Friday’s session will be the final full week of trading in November before the Thanksgiving holiday in the US, closing on that Thursday and ending early the following day.
Tech stock drives Nasdaq
Shares for Nvidia are up 1.8% after the computer systems design company reported better-than-expected earnings earlier this week.
Shares for financial software company Intuit surged almost 10% after showing quarterly results that beat-out Wall Street’s predictions.
What is your sentiment on NVDA?
The yield on the benchmark 10-year Treasury note dropped to 1.534% Friday from 1.586% Thursday. The equivalent German bund yield fell as low as minus 0.342%, its lowest in over nine weeks.
By 11:20 am EDT (UTC-5), the Dow Jones Industrial Average is down 0.46% while the S&P 500 is up 0.08% respectively.