Nasdaq 100 sets new record
The Nasdaq 100 set a new record in the H1 2023 as it recorded its highest level of growth in one half-year since 1983.
The Nasdaq 100 set a new record in the H1 2023 as it recorded its highest level of growth in one half-year since 1983. Since the start of the year, the valuation of the companies that make up the Nasdaq 100 increased by around $5 trillion as the index itself rose 40%. Some of the key factors of this growth were slowing US inflation, the Fed's rate hike hiatus, and whirlwind growth from seven of the world's biggest tech giants, including NVIDIA, whose share price tripled in the space of six months. If we look at the historical data, we see that a strong start in H1 typically buoys the index through H2 in any given year.
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