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Nasdaq Composite Index Closes at Record High, and More Good News

The end of the year has brought some great news with regard to markets. Investors have optimism as they head towards 2020. <br>

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Nasdaq Composite Index Closes at Record High, and More Good News

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  1. Nasdaq Composite Index Closes at Record High, and More Good News The end of the year has brought some great news with regard to markets. Investors have optimism as they head towards 2020. TradeZero Ocean Place Cable Beach, Unit #1 Nassau, Bahamas

  2. As 2019 comes to an end, there is a great deal of positive news to encourage stock traders. And giving them a helping hand are advanced online trading services by advanced broker dealers. They can help you capitalize on the positivity through their user-friendly trading platforms. Nasdaq’s Record Close For the first ever time, on the day after Christmas 2019, the Nasdaq Composite Index (COMP) experienced a close above 9,000, at 9,022. In fact, all the major indices are heading to the end of 2019 with the greatest gains they’ve made in years. The big growth stocks making up the index, Apple ($AAPL) and Microsoft ($MSFT) have gained, which reflects on the index and on the broader market too. From August 27, 2018 when the Nasdaq soared to 8,000, Microsoft, Apple and other tech giants have enabled the index to move 1,000 points ahead, amounting to 335 days of trading. Since August 2018, Microsoft has been able to gain over 44.8%. Apple’s shares gained 33% during the period. However, Market Watch columnist Mark DeCambre observes that the FAANG stocks haven’t particularly experienced headline grabbing gains during that period of Nasdaq’s 1,000- point gain. The stocks DeCambre particularly points to are Facebook ($FB), Amazon ($AAPL), Apple, Netflix ($NFLX) and Alphabet ($GOOGL) whose growth, in relation to the growth Nasdaq has experienced, has been lackluster. FAANG Stocks Not Leading the Charge DeCambre points out that while Facebook shares are up in the region of 16.6%, Amazon shares have actually been 4.2% down since August 2018 while Netflix ($NFLX) has been down 8.7% during the period of the past 16 months. Alphabet’s Class A shares have only risen by 7.7%. But there are some stocks outside the FANG grouping that have impressed, to say the least. These are non-tech companies such as Lululemon Athletica ($LULU) and Starbucks ($SBUX). Less Fancied Companies Lead the Charge Lululemon, the manufacturer of athletic apparel, has risen by over 67.3% since August 2018 while Starbucks has gained over 66.3%. Even more impressive gains were reported by some microchip companies. Advanced Micro Devices ($AMD) gained around 85%. Charter Communications ($CHTR) gained almost 60%, NXP Semiconductors ($NXPI) stock soared 39.4% while Lam Research ($LRCX) has grown 67.4%. Nasdaq’s gains have been relentless. DeCambre notes that on December 26, 2019, the index registered its 11th consecutive positive return. It was the longest winning streak the company experienced since 2009. More Good News from the Labor Market www.tradezero.co +1.954.944.3885

  3. Meanwhile, the US labor market is showing sustained strength with Reuters reporting on Thursday, December 26 that the number of application filings for unemployment by Americans fell the previous week by 13,000. On December 26, it was also reported that US stocks had a modest rise as a result of renewed optimism over a trade deal between the US and China. All that good news can only provide a great deal of optimism, which makes the New Year more welcoming for traders and investors. Advanced stock trading softwareby broker dealers makes it better. www.tradezero.co +1.954.944.3885

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