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Nasdaq 100 Nears Record High Amid Weak Consumer Confidence
Nasdaq 100 Nears Record High Amid Weak Consumer Confidence
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BTCCSquare news:
The Nasdaq 100 (NDX) surged Tuesday, hovering just 0.2% below its all-time peak of $22,222.61. This rally defies grim consumer sentiment data—The Conference Board's June Confidence Index plummeted to 93.8, far below the 99.8 forecast, with sub-indices tracking current conditions and future expectations both deteriorating sharply.
Market resilience suggests investors prioritize capital flows over survey data. The index shrugged off geopolitical tensions during recent Israel-Iran conflicts, reinforcing its role as a real-money sentiment barometer. Tech stocks continue attracting bets despite macroeconomic headwinds.
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