The Nasdaq Composite opened today’s session trading below the 20-day exponential moving average (EMA) but had clawed back its losses by the time of writing and was back above this crucial indicator.
The index has been on a six-day losing streak, and investors would be happy to see today’s session end in positive territory to break the trend.
The Nasdaq was trading up 0.44% at writing, with stocks getting a boost from the weak dollar amid falling US inflation figures.
Some of the biggest gainers include Indaptus Therapeutics Inc, up 178.76% and GreenSky Inc, which was up 52.45% on a 42.2 billion takeover deal from Goldman Sachs.
We have further details of these and other stories here.
Meanwhile, with a few hours left to the market close, investors will remain hopeful that the Nasdaq index can inch higher and close back above the 20-day EMA.
*This is not investment advice.
Nasdaq Composite Today.
The Nasdaq Composite today initially fell but late recovered and was trading up 0.44% at writing.