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Nasdaq 100 leads US stock gains and sets a new record at 18,337

Yesterday it was once again the Nasdaq 100 that led the US stock market gains and it was by some distance the best performing index on the session. Naturally, this was as much about NVIDIA as it was the index itself. That stock reached a new all time high too, at $927.67. So, the Nasdaq 100 beat the previous all time high by 4 points, when it rose to 18,337, but it could not quite manage to beat the current closing record. That remained at 18,302. The index closed last night at 18,297. It was really the combination of lower yields, another dovish performance from the Fed boss on Capital Hill and a further fall in the dollar that helped the index rise to set a new record. Of course the US jobs report later today (1.30pm GMT) might have a say in whether or not yet more records are set ahead of the weekend. The Nasdaq 100 is currently priced to reopen lower, at around 18,270 
 

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