The Traderszone Network

Published in TZ Latest News 23 October, 2015 by The TZ Newswire Staff

Nasdaq 100 index may see record with Apple earnings due Tuesday

The Nasdaq 100 index, dominated by U.S. technology stocks, may set a record high next week, helped by good earnings from Apple Inc expected on Tuesday. Technology shares led the U.S. stock market’s recovery this week from its worst correction in four years in August, thanks to gains in Alphabet, Amazon and Microsoft, after the three companies reported better-than-expected earnings results. The Dow Jones industrial average rose 0.9 percent to 17,646.70, the S&P 500 index recovered another 1.1 percent to 2,075.15, and the Nasdaq Composite closed the week up 2.27 percent at 5,031.86.