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NVIDIA leads Nasdaq 100 bounce back

Once again it was the Nasdaq 100 at the fore of the US stock market moves and this time it was a significantly higher move on the day. The index closed 2.11% higher, rising by 343 points to 16,649. The index had opened on the front foot anyway and maintained that momentum all the way to the close. The Dow Jones did eventually catch up too, but more on that in another update. The drop back in US yields was a major driver for the tech sector and the Nasdaq 100 gains were led by the chip sector in general and NVIDIA in particular. The index closed above its 21 day moving average (at 16,557). However, despite a rebound in Asia this morning, the Nasdaq 100 futures are slightly in the red this morning, currently indicating a reopening at around 16,627
 

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