$EQQQ (+0.88%)
Nasdaq performance on November 15, 2024

The Nasdaq Composite posted a mixed performance today, mainly influenced by market valuations in the tech sector and macroeconomic uncertainties. The index closed down 0.56% at 15,011 points, representing a moderate downward movement【6】【7】.

Important influences:

1.Focus on technology stocksLeading technology companies, such as Microsoft and Nvidia, were once again at the center of attention. While positive sales forecasts from the field of artificial intelligence could support the market, concerns about possible regulatory intervention and tensions between the US and China weighed on sentiment【7】【8】.

2.Macroeconomic conditions: The ongoing uncertainty about the Federal Reserve's future interest rate policy remains an important factor. Analysts expect potential rate cuts in spring 2025, which could further boost the tech sector. Today, however, investor caution due to economic data had a dampening effect【7】.

3.Long-term prospectsAnalysts are optimistic about 2024, as many expect the tech sector rally to continue. The AI revolution and rising demand for cloud solutions could drive the Nasdaq towards 20,000 points if market conditions stabilize【7】【8】.

Daily losers and winners

-Losers: Shares from the chip sector such as AMD and Micron showed weakness as uncertainties in international trade weighed on confidence.

-Winners: Companies with a strong focus on cloud technology and AI posted moderate gains.

Today's performance underlines the volatility of the markets and the need to keep a close eye on macroeconomic factors and corporate news. Investors should prepare for a volatile final phase of the year as major economic and political developments impact sentiment【6】【7】【8】.