Nasdaq 100 price breakout furthers outperformance against SP500 and Dow Jones Index peers

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The Nasdaq100 continues to be a the outperforming US index by quite some margin in 2023, having gained more than 20% for the year to date. The Dow Jones Industrial Average has by contrast now dipped into negative territory over the same period. The S&P 500 has been lifted by a number of stocks duel listed in the Nasdaq100 as well.

Much of the outperformance of the Nasdaq has accompanied better than expected earnings from major US technology stocks such as Apple, Microsoft and Alphabet, while banking counters which are undergoing a mini-crisis of sorts are weighing on index peers the Dow and S&P 500.

Nasdaq100 – technical analysis trading view

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