Nasdaq 100 Outlook: Strong Intel Earnings May Lead Stocks Higher
2021-07-22 20:30:00
Brendan Fagan,
Nasdaq 100, Treasury Yields, Intel Earnings, Dow Jones - Talking Points
Nasdaq 100 leads markets higher as Treasury yields decline following disappointing jobs data
Intel reports Q2 Earnings, Revenues & EPS beat estimates, full year guidance raised
Nasdaq 100 gearing up for another test of 15,000 following constructive price action, earnings
US equity benchmarks continued their march higher on Thursday, led by the Nasdaq 100. Tech shares bounced on declines in US Treasury yields, which came following a disappointing and unexpected jump in unemployment claims. Market participants appear to be positioning into tech-related equities prior to next week, which will see some of the largest tech firms report their quarterly earnings. The Dow Jones posted its third consecutive day of gains, while the S&P 500 also notched slight gains.