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New Intraday All-Time High for Nasdaq

Timothy St. John•Monday, October 28, 2024•2 min read

The Nasdaq closed off Friday after achieving a new intraday all-time high, and it has started Monday off with an increase of 0.54%, proving the continued power of the tech sector.

Nasdaq is up after closing high on Friday.

Three little known companies are leading the charge on the Nasdaq Composite with major gains. At the top is Nova Vision Acquisition (NOVV), which is up by 200% today. The black check company helps businesses with mergers and acquisitions.

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Healthcare Triangle Inc. (HCTI) is up by 119% for Monday and is one of several healthcare-focused stocks near the top of Nasdaq’s charts today. In third is Monte Rosa Therapeutics (GLUE) with an increase of 118% today. The company just announced a partnership with Novartis in order to create medicine for immune-related medical problems.

Nvidia (NVDA) stock may be down 0.88% today, but it is up by 200% for the year so far, with more progress expected before 2025. This continues to be one of the strongest and most consistent stocks on the Nasdaq Composite, and its slight downturn could be a great opportunity for new investors to jump on board.

Here Is What May Move the Stock Market This Week

Investors can look forward to a very busy earnings report week, with quarterly reports coming in from Ford, Pfizer, McDonald’s, Alphabet, Meta, Microsoft, and many more. All of these are major market movers, so expect their earnings reports to set the tone for the stock market in general.

McDonald’s had a setback last week with an E. coli outbreak that forced the company to recall its Quarter Pounder product in a number of states. Once the suspect ingredient was identified and tracked down, the company was able to put the item back on the menu. We will see if they can recover in time for their quarterly report or if foot traffic will still be slow.

 

 

 

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ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
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