The Nasdaq 100 has been the best performing index of the three major US baskets, and as a result, it has recovered most of what it lost in a coronavirus accident. However, now the technology-weighted index will have to ventilate a number of gains from its most effective components.
Facebook, Microsoft, Apple, Amazon, and Google are the five largest stocks on the Nasdaq 100, and have been a key strength for wider US indices. In total, five shares account for about 45% of Nasdaq 100, and each of them currently has a rather uncertain future like all other stocks.
As we saw on Netflix last week, the results may be below market expectations. Since the economy and the stock market are in such an unusual environment, market participants have rightly shown their concerns about plunging into truth exposure and highlighted technology stocks have been blocked.