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The Nasdaq Index is rising on increased Apple investment

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NASDAQ

الناسداك 7-8-2025

The Nasdaq Index is trading above the support level of $23,300, and prices are likely to retest the resistance level of $23,650. This scenario would be invalidated if the aforementioned support level is broken to the downside.

Support

23300 23000 22650
Resistance 23650 24000

The Nasdaq Index recorded a notable gain, rising by approximately 1.2% to close at 21,169.42 points, supported by the strong performance of technology stocks—led by Apple, which surged over 5% following quarterly results that exceeded market expectations. This rally came amid growing investor optimism regarding U.S. monetary policy, with increasing expectations of potential interest rate cuts in the near future. Such sentiment boosted demand for growth-oriented stocks, particularly within the tech sector.

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