Nasdaq Composite books longest weekly winning streak in over 4 years

It has been a remarkable week for the Nasdaq Composite Index, which just achieved its longest winning streak in more than four years. Despite the economic turbulence ushered in by the pandemic, investors have renewed hope that the worst may be behind us, and the tech-heavy Nasdaq has soared as a result. Investors should buckle up, as we take a closer look at this remarkable streak.

Table of Contents

• 1. Nasdaq Composite Hits Record-Breaking Streak
• 2. Four-Year Winning Streak: The Story So Far
• 3. What’s Behind Nasdaq’s Streak?
• 4. Experts Look Ahead: Where Is The Nasdaq Heading?
• Q&A

1. Nasdaq Composite Hits Record-Breaking Streak

The Nasdaq Composite continues its upswing and is closing in on its all-time record that spans almost 20 years. Since the start of February, the Nasdaq Composite has seen consecutive gains on its index only 6 times in the past 18 years, twice in 2020.

For nearly 4 weeks at the start of 2020, the index has seen five trading sessions of gains. This past Friday has seen the index gaining 0.45%, closing at a record of 8,666.50. Factors such as healthy job gains, increased consumer spending and a boost from corporate buybacks have been accelerating the index since the start of the year.

• The Nasdaq Composite is up 17% since a low in December 2019,
• It is leading the S&P 500 and Dow Jones Industrial Average since December 2019 with 9.6%,
• It is the last major index to hit a new record peak.

2. Four-Year Winning Streak: The Story So Far

Two seasons. One championship won. That’s the story so far for the amazing four-year winning streak of our team! It’s been a remarkable streak and it looks like the streak is only rising. But, what does four years of winning look like?

When the win streak began, it seemed like we would never stop winning. Every match-day, we worked hard to ensure that we would never lose, and it all paid off! We’ve now captured two trophies, with more to come in the years to come. Here are some of our team’s recent accomplishments:

• Two consecutive championships in 2018 & 2019
• Four semi-finals in three years
• Dominant league form in 2019-20
• Consistently ranked in the top 3 teams

Each victory, each trophy, is a reminder of our ambition and dedication to excellence. We’ve come a long way since our four-year streak began, and we are determined to keep it going!

3. What’s Behind Nasdaq’s Streak?

Nasdaq has been on a strong streak recently and at the time of writing this post it looks set to keep going! But just what is driving the latest surge in the index? Let’s explore.

Factors Influencing Nasdaq’s Streak

• The Nasdaq Composite Index is being pushed higher by tech stocks, as investors seek to realize gains from strong performances in this sector. Leading the rally is Apple, which has had record-breaking performances since its 5-1 stock split.
• Banking and finance stocks are also propelling the index higher, as investors appear to favour what can be categorised as safe havens during the coronavirus pandemic. This has been particularly evident on days when the economy has performed poorer, with investors seeking safety in investments that typically remain more stable when the markets are turbulent.
• Increased investor confidence is another factor behind Nasdaq’s recent strength. This appears to be partially due to the markets showing signs of recovery even while coronavirus cases remain high.

There is no doubt that Nasdaq is performing well at the moment and it is likely that the index will continue to surge higher. As long as the economic environment remains stable and investors maintain faith, there is every chance that Nasdaq’s winning streak will extend.

4. Experts Look Ahead: Where Is The Nasdaq Heading?

The Nasdaq Composite index is a collection of stocks that represent the largest tech companies in the world such as Apple, Microsoft, and Amazon. As these tech giants continually break new heights, questions about the future of the Nasdaq have arisen.

Experts believe the forecasts remain positive for the Nasdaq. Economic projections indicate that global markets will be able to recover from the effects of the pandemic in the coming months. The tech sector has been resilient, and there’s no reason to believe these stocks will be affected negatively in the short-term. Here are some of the key indicators for the Nasdaq’s future:

• Increasing consumer confidence
• Fall of interest rates
• Continued growth of e-commerce
• Inflation levels holding steady
• Rising investments in the tech sector

At the start of 2021, the Nasdaq continued to defy the odds. Many investors are worried about a potential “bubble”, but there’s no reason to believe the market will take a major dip anytime soon. The Nasdaq should be expected to remain a powerful instrument for investors with a focus on the technology sector.

Q&A

Q: How long has the Nasdaq Composite been achieving a winning streak?
A: The Nasdaq Composite has been achieving a winning streak for four consecutive weeks.

Q: How significant was this winning streak?
A: This streak was the longest weekly winning streak in more than four years.

Q: How much did the Nasdaq Composite gain during this winning streak?
A: During the course of the winning streak, the Nasdaq Composite rose by nearly 9%.

Q: What has been driving the Nasdaq Composite’s success?
A: The Nasdaq Composite’s success has been driven by a mix of strong economic data, increasing investor confidence, and tech companies continuing to reach new highs.

The Nasdaq Composite’s record weekly winning streak provides an optimistic boost to the stock market and its investors. As the streak continues, only time will tell how long it will last and what their eventual returns may be.