100 has a clear potential to surpass the 15,000 mark.
Chip makers led a big
tech rally catapulting the Nasdaq 100 futures to its six-week high above 14,800
points. As observers of financial market news that
the demand is based on giant cap stocks like Apple, Amazon, Microsoft, and
Google. The index has a clear potential to surpass the 15,000 mark and further
consolidate above this level within the nearest trading sessions.
Dip-buying strategies slowly and steadily return to
the global markets while the fourth-quarter reporting season shoots out. As
many as 79 of the 500 companies listed in the Wall Street's S&P broad
market index already reported their financial results as of January 25 and 81%
of those companies delivered better-than-expected revenues, according to
Refinitiv data. According to Refinitiv analysis, we may expect a revenue growth
for Q4 of 24.1% for S&P 500 listed companies.
Global markets continue to rebound to the upside. The U.S. S&P 500
broad market index has already soared by more than 130 points from this
Monday’s bottom to touch the 4,715-4,725 area before Wall Street’s close
yesterday. It was then tested again during the morning futures trade on
Tuesday, while major European indexes also gained for the second session in a
Stock markets on
either side of the Atlantic generally came to the end of November at a
loss following the emergence of the new COVID-19 Omicron variant. Cautious
investors preferred to unload at least some of their assets and had a chance to
do so on Tuesday, after Monday’s partial yet large-scale recovery.
The sentiment on Wall Street
could be characterized as positive with more than half of the hot corporate
The season of corporate reports is at its height this
week, as business sharks with more than $1 trillion of capitalization and asset
turnover are now exposed.
Apple and Amazon are just going to announce their Q3
releases tomorrow, while Microsoft and Google have already done this on Tuesday
evening. Both giants surely fed the general upside background after their
financial results far exceeded the expectations of preliminary expert polls.