"The Nasdaq 100 remains a key focus in the U.S. equity market as capital flows continue to favour large-cap technology stocks, particularly companies directly benefiting from artificial intelligence, semiconductors, cloud computing, and data centre expansion."
"In the session on May 13, 2026, the Nasdaq 100 closed at 29,366.94 points, up 302.14 points, or 1.04%, indicating that the short-term uptrend remains relatively strong. This positive momentum was also reflected in the Invesco QQQ Trust, the ETF tracking the Nasdaq 100, which traded around USD 714.71, with an intraday range between USD 704.92 and USD 718.62 and trading volume of more than 40 million shares."
"Notably, the Nasdaq's advance has not been broad-based across the entire market but has been clearly concentrated in major technology stocks. AP also reported that Wall Street reached new highs mainly thanks to the technology sector, while most other sectors weakened following disappointing inflation data. This indicates that the current strength of the Nasdaq depends heavily on mega-cap technology stocks and the semiconductor sector."
"Companies such as Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta Platforms, Broadcom, and Tesla are all components of the NDX and represent some of the world's largest technology companies. These stocks also play a central role in the AI narrative, spanning chip production and software development to data centre expansion and cloud infrastructure."
The Nasdaq 100 remains central to U.S. equity market capital flows, with investors favoring large-cap technology companies. On May 13, 2026, the Nasdaq 100 closed at 29,366.94 points, up 1.04%, showing continued short-term upward momentum. The Invesco QQQ Trust, which tracks the Nasdaq 100, traded around USD 714.71 with a tight intraday range and more than 40 million shares, indicating strong liquidity and sustained investor interest. Recent record highs in the S&P 500 and Nasdaq were supported by a rebound in AI- and chip-linked technology stocks despite higher-than-expected inflation. The advance has been concentrated in major technology names rather than broad across sectors, making performance dependent on mega-cap technology and semiconductors.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]