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Technology companies are often valued based on expected future earnings growth, and higher interest rates increase the discount applied to those future earnings, which can weigh more heavily on tech stocks than other sectors.
No - the Nasdaq 100 specifically excludes financial companies, focusing instead on non-financial sectors like technology, communication services and consumer discretionary.
Major technology company earnings reports, Federal Reserve policy announcements and shifts in growth stock sentiment are among the most significant drivers of this index.
Log in to your Pairmetric MetaTrader 5 account, search for the US Tech 100 in Market Watch, and place a buy or sell order.
Trading the index as a CFD provides diversified exposure to 100 leading companies at once, which can help spread risk compared to holding a position in a single stock.