Nasdaq continues upwards tilt after breaking 10,000-point barrier – The National

Nasdaq continues upwards tilt after breaking 10,000-point barrier – The National

Nasdaq continues upwards tilt after breaking 10,000-point barrier. The Nasdaq index of technology stocks in the US opened higher again on Wednesday after climbing above 10,000 points in Tuesday's session when Apple, Amazon and Facebook shares all made gains.. Investors continued to pour money into technology companies even as appetites began to wane for other shares ahead of a Federal Reserve interest rate decision due on Wednesday.. The Nasdaq Composite traded up 0.5 per cent at 10,003.28 at 6.38pm UAE time on Wednesday, while the Dow Jones index dropped 0.78 per cent and the S&P500 index traded 0.64 per cent lower.. Investors who bought the Nasdaq 100 index at this previous peak would have earned an annualised return of 10.4 per cent over the next 10 years as the earnings of the technology companies that make up the index grew by 14.5 per cent a year, Mr Garnry said.. "Traders take the short bets when they believe that the market is overvalued and it is likely to fall.. Traders are also waiting on a decision from the US Federal Reserve on interest rates on Wednesday evening.. Market-watchers expect the Fed to maintain its current interest rate of 0.25 per cent