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The NASDAQ 100 Index closed at 21,478.05, recording a gain of 477.88 points (2.28%) over the past five days. As of January 31 at 5:15 PM GMT-5, the index reflected strong upward momentum, driven by investor confidence and a robust performance in the technology sector.
During the session, the index reached a high of 21,661.56, showcasing bullish sentiment and sustained buying activity. However, it also touched a low of 21,425.79, indicating intermittent pullbacks as traders responded to market fluctuations. The previous close of 21,508.12 suggests that the NASDAQ 100 has been navigating a period of volatility while maintaining an overall positive trajectory this week.
Wall Street, especially the tech-sector, was massively hit after a Chinese startup DeepSeek AI made remarks about its cheaper chips and AI as compared to American companies. This also had an impact on the tech-heavy NASDAQ 100. However, in the later half of the week the index posted gains, thereby, ending the week on a positive note.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.