Today, the NASDAQ-100 Index and the NASDAQ Composite Index both experienced positive performances, but the NASDAQ-100 outperformed the Composite.
The NASDAQ-100 closed at 18,830.58, increasing by 201.81 points or approximately 1.06%. This index, which includes 100 of the largest non-financial companies listed on the NASDAQ, continues to be heavily influenced by technology stocks, which dominate its composition.
In comparison, the NASDAQ Composite Index closed at 17,357.88, up by 176.16 points or about 1.03%. The Composite Index tracks over 2,500 stocks listed on the NASDAQ, providing a broader view of the market, including financials and other sectors.
Sector Performance
In terms of sector performance within the NASDAQ-100:
- Technology: This sector remains the dominant force, accounting for over 60% of the index. Major players like Apple, Microsoft, and NVIDIA contributed significantly to today’s gains.
- Consumer Services: This sector also performed well, driven by strong performances from companies like Amazon and Tesla.
For the NASDAQ Composite, the sector distribution is broader, including:
- Technology: Similar to the NASDAQ-100, technology stocks led the gains, reflecting the overall strength of the tech sector.
- Consumer Discretionary: Companies in this sector, including those involved in retail and e-commerce, also showed positive performance.
Overall, while both indices showed gains, the NASDAQ-100’s performance was slightly stronger than that of the NASDAQ Composite today, reflecting the ongoing strength of large-cap tech stocks in the market.
