Will Nasdaq head towards achieving new historical highs?

NASDAQ

The Nasdaq Index is moving in an upward trend in the medium term, paving the way for further gains and the formation of new highs. However, if the support level of $21,900 is broken to the downside, a retest of the support zone at $21,600 may occur.

The Nasdaq 100 Index witnessed a remarkable rise, surpassing the 22,000-point mark for the first time, with an increase of 1.77% compared to the previous session.

This positive performance is attributed to the rally in technology stocks, especially amid expectations of the Federal Reserve lowering interest rates, enhancing the attractiveness of investments in this sector.

Among the companies contributing to this rise were those in artificial intelligence and advanced technology, reflecting continued confidence in technological innovations and their pivotal role in driving the economy.

Despite this historic achievement, investors should monitor future economic and political developments, as they may impact the sustainability of this upward momentum.

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