) craze continued to drive a bigger wedge between the indexes with and without Nvidia. As of today, Nvidia accounts for about 42% of the gains in the, and what is surprising is the split between the 62 advancers and the 42 decliners of the year. It was closer than I would have guessed.) account for just a bit more than 50% of the index’s gains.
So, sitting here and trying to stare at the chart and do an Elliot wave or some kind of other analysis seems kind of pointless when just three stocks can dominate the way these three have. If you throw Microsoft into the mix, we are probably talking about 80% of all of the gains in the index coming from just 4 or 5 stocks.index is up just 5% on the year, compared to the NDX market cap-weighted index, which is up 14% on the year.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »