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The Nasdaq Composite Is on Track to End 6-Day Downtrend

Updated: 15 Sep 2021

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.

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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.

Tradingview chart of Nasdaq Composite 15-09-2021

The Nasdaq Composite today initially fell but late recovered and was trading up 0.44% at writing.

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