The Nasdaq maintains its positive movement
For the second week in a row, the Nasdaq is higher than its 21-day moving average.
For the second week in a row, the Nasdaq is higher than its 21-day moving average. This positive movement is supported by the confident growth in the prices of Google, Microsoft and Alphabet's stocks. The development of artificial intelligence technologies is increasing the appeal of the tech sector. On top of that, the yield on 10-year US Treasury bonds is around 3.45%, which indicates a decrease in market participants' expectations vis-a-vis inflation. The Nasdaq is likely to maintain its uptrend.
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