US stocks rebound in best day since April

September 10, 2020 12:30

US stocks rebound in best day since April

US stocks ended a three-day rout as buyers poured back into the market. While European stock market moves were muted, the Nasdaq 100 recorded its best day since April as investors bought the dip in well-known tech names such as Tesla, Apple, Amazon and others.

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Market moves in tech shares have been excessive, according to some analysts with Tesla rallying more than 80% from 11 August to 31 August when the company announced a stock split - which actually adds zero value to the company.

Volatility still remains elevated in most markets and investors will be watching today's European Central Bank press conference and latest policy decision. The US is also set to release its latest weekly jobless claims today.

How to trade the Nasdaq 100 with Admiral Markets UK Ltd

If you are feeling bullish or bearish on the price of the Nasdaq 100, or other markets, you can speculate on its price direction using CFDs. To get started, follow these five simple steps:

  1. Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
  2. Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
  3. Type in Nasdaq Inc, or another market, at the bottom of the Market Watch search box and then drag the symbol onto the chart.
  4. Use the one-click trading feature on the chart or right-click on select Trading -> New Order.
  5. Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.

NDAQ Monthly chart

Source: Admiral Markets MetaTrader 5 Web, #NDAQ, Monthly - Data range: March 30, 2014, to September 10, 2020, performed on September 10, 2020, at 7:09 am BST. Please note: Past performance is not a reliable indicator of future results.


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