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The NASDAQ 100 Index recorded a strong upward movement over the past five days, gaining 406.67 points, or a total of 1.93%, to settle at 21,491.31 as of the last recorded close on February 7 at 5:15 PM GMT-5. During the latest trading session, the NASDAQ 100 opened at 21,776.28, closely mirroring its previous close of 21,774.06.
However, the session saw notable fluctuations, with the index reaching an intraday high of 21,869.32 and dipping to a low of 21,465.46. The final close at 21,491.31 represents a slight decline from the previous close. The index faced resistance near the 21,870 level while finding support around 21,465, suggesting an active trading range.
The tech-heavy NASDAQ 100 had a positive momentum throughout the week as companies from the tech sector released their corporate earnings report, most of them were able to surpass investor expectation adding to overall growth of NASDAQ 100.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.