Breaking News
0

Nasdaq 100 Outperforms

By William OLoughlinMarket OverviewJul 13, 2018 10:18
au.investing.com/analysis/nasdaq-100-outperforms-200198282
Nasdaq 100 Outperforms
By William OLoughlin   |  Jul 13, 2018 10:18
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Originally published by Rivkin Securities

US stocks opened higher and traded up during the session to close near session highs. The Nasdaq 100 outperformed, rising 1.7% vs the S&P 500's gain of 0.87%. Some of the big tech names performed strongly such as Facebook (NASDAQ:FB) +2.2% and Google (NASDAQ:GOOGL) (GOOG) +2.6%. European indices also closed higher with the FTSE 100 up 0.8% and the DAX up 0.6%. ASX 200 futures are 24 points higher this morning.

The US yield curve continues to flatten with just 26 basis points between the 2-year and 10-year bond yields. The cause of the flattening is the combination of the central bank raising short term interest rates while the bond market remains sceptical of long term growth and inflation expectations. Nevertheless, the Atlanta Fed’s GDP tracker is predicting the current quarter GDP at a healthy 3.9% while the CME Fedwatch tool shows that markets expect another 25-basis point rate hike at the September FOMC meeting.

Last night, US CPI data was released which had a headline number that was below expectations but the core number (excluding food and energy) was as expected at 0.2%.

Data Releases:

- No Significant Data

Nasdaq 100 Outperforms
 

Related Articles

Nasdaq 100 Outperforms

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email