Nasdaq 5 minutes
The Nasdaq extended its gains to 1.1% today as it absorbs yesterday’s late-day decline. It is important to note that previous series of highs in the 15,750 range have given way.
The index was helped by chipmakers today after Qualcomm reported better earnings and shares rose nearly 10%. Nvidia, Apple and Amazon are other tailwinds.
The broader S&P 500 index is up 0.6%.
The big event after the close today is Apple’s earnings report. Alongside AAPL, we will get Coinbase, Draft Kings, US Steel and Booking Holdings.
The foreign exchange market followed the improving sentiment, with commodity currencies reaching their best levels of the day and the euro now in positive territory.
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