NASDAQ-100(.NDX.US)

The NASDAQ-100 index's increase expanded to 2%, reaching a new daily high

Scissortail Wealth Management LLC Raises Holdings in Invesco QQQ $QQQ

Scissortail Wealth Management LLC increased its holdings in Invesco QQQ by 40.2% in Q3, owning 21,792 shares valued at $13,083,000. Other institutional investors also raised their stakes, with Fifth Third Securities Inc. increasing its position by 2.6%. Invesco QQQ's performance is influenced by positive sentiment around AI spending forecasts, although there are concerns about potential volatility due to market conditions and concentration in AI-dominant firms. The ETF recently declared a quarterly dividend of $0.7941 per share, reflecting a positive change from the previous dividend.

The NASDAQ Technology Index closed up less than 1%, the Semiconductor Index rose over 0.1%, and the Biotechnology Index increased by more than 1.6%

The S&P 500 Index closed up 37.73 points, an increase of 0.55%, at 6913.35 points. The Dow Jones Industrial Average closed up 306.78 points, an increase of 0.63%, at 49384.01 points. The NASDAQ Composite Index closed up 211.195 points, an increase of 0.91%, at 23436.02 points. The NASDAQ 100 Index closed up 191.77 points, an increase of 0.76%, at 25518.351 points

Bank of America CEO Brian Moynihan: Fed's independence is important for U.S. economy - CNBC interview

Bank of America CEO Brian Moynihan: Fed's independence is important for U.S. economy - CNBC interview

The divergence between short-term and long-term U.S. Treasury yields puts the NASDAQ-100 Index at risk of falling below 25,000 points!

The Asia-Pacific stock market fell across the board, with the NASDAQ experiencing its largest single-day drop in three weeks, due to market concerns over the independence of the Federal Reserve and the divergence in U.S. Treasury yields. Oracle and Broadcom saw significant declines in their stock prices, and the Philadelphia Semiconductor Index plummeted over 5%. Investors are focused on U.S. non-farm payroll data