What Is US Tech 100 Doing Today
US Tech 100 is our name for the Nasdaq 100, the index of the 100 largest non-financial companies listed on the Nasdaq exchange, dominated by the mega-cap technology names. We track it through the QQQ ETF, the exchange-traded fund that holds the index, so the price shown is the fund's price, a fraction of the index level, and the percentage move is the same.
Every 3 hours we score the latest US equity and technology headlines on the same 0 to 100 scale we use for the 8 major currencies, then compare the US Tech 100 score with the US dollar score from the same cycle. The gap between the two gives the US Tech 100 read: equity sentiment running ahead of the dollar leans the index up, the dollar running ahead leans it down.
US Tech 100 Profile
- Quote: the QQQ ETF price in US dollars, a fraction of the Nasdaq 100 index level; watch the percentage move, not the dollar figure
- Index: the 100 largest non-financial companies on the Nasdaq, weighted by market value, so a handful of technology giants carry most of the weight
- Pip convention on this site: 1 pip is $0.01 on the ETF price. Index CFDs are quoted on the index level with their own point values, so check your own account specification
- Trading hours: New York hours, 09:30 to 16:00 Eastern time (13:30 to 20:00 UTC in US summer time, 14:30 to 21:00 UTC in winter), Monday to Friday. Outside those hours the last close is shown
- Related markets: US 500 and Dow 30 (the other US benchmarks), BTC/USD (risk appetite), USD/JPY
What Moves US Tech 100
The index reacts to the technology earnings and AI spending story and to the rates backdrop more than any other benchmark. Here is what to watch on each side:
US Tech 100 (NDX) side
- Mega-cap technology earnings, guidance and capital spending on AI
- Chip demand, export controls and supply chains
- Federal Reserve decisions and Treasury yields, which weigh most on long-duration growth stocks
- US inflation, jobs and growth data against expectations
- Risk appetite: volatility, flows and the direction of crypto
US Dollar (USD) side
- Fed (FOMC) rate decisions and the tone of the press conference
- US CPI and PCE inflation prints
- NFP non-farm payrolls (first Friday of the month)
- US Treasury yields, particularly the 2-year and 10-year
- Broad dollar strength: a rallying dollar is a headwind for anything priced in it
Common Questions About US Tech 100
Pepperstone offers US Tech 100 and other index CFDs alongside forex, with MT4/MT5/cTrader support. Product availability varies by region.
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