The Nasdaq 100 climbed to a new high of: 17314 on 19th January 2024
The NASDAQ 100 Index is a widely used benchmark for the performance of the technology sector in the U.S. market.
It consists of 100 of the largest non-financial companies listed on the NASDAQ stock exchange. Some of the top components of the index are Apple Inc., Microsoft Corporation, Amazon.com Inc., Alphabet Inc., and Meta Inc.
Some analysts however are warning that the Nasdaq is due a correction.
It is up around 20% from a low point in late October 2023 and some analysts warn that the tech sector is overvalued and may face a correction.