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Professor Ali Gamal Abdel gawad : Nasdaq Maintains Upward Trend Despite Correction: Technology Continues to Lead the US Market.

Prepared by: Professor Ali Gamal Abdel Gawad – Lecturer of Finance and Investment.

 

The NASDAQ Composite index saw a slight decline at the close of trading on Friday, settling at 25,297.62 points, down 0.24%. This comes amid continued revaluation of technology stocks following their strong gains since the beginning of the year.

The index's financial performance confirms that the current pressure follows gains exceeding 20% ​​over three months and nearly 25% year-on-year, reflecting the strength of long-term investment flows despite short-term volatility.

Fundamentally, the index is driven by the strong performance of major US technology companies, with continued expansion in investments in artificial intelligence and digital services. 

However, the sector's sensitivity to interest rates and bond yields makes the index more volatile compared to other US indices. Technically, the overall trend remains upward as long as the index holds above the 25,000-point level, while the 26,200-27,000 point range represents a key resistance level that could determine the direction of movement in the coming period. 

Forecasts indicate that the index has opportunities to regain its positive momentum if the sell-off in technology stocks subsides and investors' appetite for risk improves, with the long-term investment trend remaining supportive of US growth stocks.

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