Nasdaq 100 Snaps Longest Negative Streak In 14 Months As Tech Stocks Find Relief On Mixed Data -...

Published on 5 Jan 2024 on Benzinga

Nasdaq 100 Snaps Longest Negative Streak In 14 Months As Tech Stocks Find Relief On Mixed Data -...

The Nasdaq 100 concluded the final session of the first week of 2024 on a positive note, marking a 0.15% gain and bringing an end to a five-session losing streak – the longest such downturn since October 2022. Friday’s trading session proved to be volatile for the tech index, with intraday highs reaching 16,415 and lows dipping to 16,249.

Market sentiment was influenced by conflicting economic data released on Friday, alongside remarks made by Richmond Fed Governor Thomas Barkin.

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