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The Nasdaq 100 Index is a collection of the 100 biggest and most actively traded firms in the United States that are listed on the Nasdaq stock exchange. Except for industrial and investment banks, the index contains firms from a variety of sectors. Retail, biotechnology, industrial, telecommunications, health care, and other non-financial industries are among them.
The Nasdaq 100 index is traded through the Invesco QQQ Trust. This product is intended to monitor the success of the Nasdaq 100 biggest corporations. Any business in the trust must be a Nasdaq 100 member and have been listed on the wider market for at least two years.
RTY Leads as Large Cap Stocks Drop
On Tuesday afternoon, Alphabet (GOOGL) and Microsoft (MSFT) reported their latest earnings figures. While the market was looking forward to these reports and bidding stocks higher over the past few days, the numbers weren’t as strong as analysts had hoped for. As a result, both stocks are down by over 5% today and weighing on …
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