Nasdaq price, chart and analysis
- Technical stocks may contribute to Jay Powell, who will postpone the announcement of the schedule.
- Meme shares are once again in the spotlight.
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The Nasdaq The Composite Index fell to more than 15,000 on Tuesday and the Nasdaq 100 to about 15,380, both new highs in technology-dominated indices. Although technology has been around for many, many months due to the very loose monetary policy of the Fed, the recent rise in the price of these indices hasand traders awaited this week’s speech by Fed Chairman Jay Powell at the virtual Jackson Hole Symposium. The Fed’s board announced a timetable for reducing the $ 120 billion bond–The purchase program – negative for the technology sector – but these expectations are overdue, was acknowledged by last week ‘s Nasdaq 100,600 points rally. Will the technology sector build on the expectations that the chair Powell gives little in its Friday speech?
Nasdaq 100 Daily Price Chart (September 2020 – August 25, 2021)
The two highest profile “meme stocks” in recent months, GameStop (GME) and AMC Entertainment (AMC) grew by 27% and 20%, respectively, yesterday. The shares have benefited from Fed’s loose monetary policy and the US stimulus control program, which has been fueled by Reddit’s enthusiasm for fighting short sellers of these shares. Short-term market interest in the two stocks will remain, but not at the higher levels observed earlier this year, leaving them open to further fluctuating price fluctuations around this Friday’s meeting. In yesterday’s rally, both AMC and GameStop jumped to the tops of several weeks.
AMC Entertainment (AMC) Daily price chart – August 25, 2021
GameStop (GME) Corp Daily Price Chart – August 25, 2021
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