Nasdaq: at 10% of absolute records with a return to 8 900

  •   08/05/2020 - 08h44
  •   DEHOUI Lionel

This Wednesday, it is true that the eyes of economists and investors as well as shareholders are turned towards Europe. They are watching very closely the evolution of the Paris Stock Exchange with a CAC 40 which is slightly crumbling. But they are more interested in the value of the Nasdaq which is making a comeback on Wall Street. This index of the American market shows a figure that cannot leave the economic actors indifferent. Indeed, the Nasdaq was strongly influenced by several elements this Wednesday. Moreover, it is not the only index influenced by the state of the financial markets. In its rank, we find the S&P500, whose fate is almost identical. By the way, the pickup of the "  GAFAM " as well as the "  FAANG " is difficult to extend. This logically affects indices such as the Nasdaq and the S&P500.

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Nasdaq: at 10% of absolute records with a return to 8 900
Image copyright: krispdk - Flickr

The Nasdaq record

The progress made by the Nasdaq is rare since the beginning of this new month of May. The Nasdaq Composite signs its return among its best levels of the last days of April.

In this period and in particular on April 29th and 30th, it was at 8 920. This Wednesday, it stands at 10% of its absolute records recorded on February 19th, i.e. 9 838 in intraday and 9 820 at the close of the session.

The situation thus described is similar to the surprising and innocuous correction estimated at more than -10% that can occur. A possibility that can be realized following a significant increase of more than 59.5% after 14 months. It should be pointed out that the basis of this increase remains the low point at the end of December of the year 2018, which is 6 200. The various levels recorded on 30 December 2019 for the Nasdaq are therefore equalled.


Informations : the gaps

It should be noted in this case that the various " gaps " have also been filled. The only exception is the figure recorded on the 21st of February 2020 for the Nasdaq. On that date, it was clearly 9,542 on the American financial market.

But one month earlier, on the first day of the year 2020, it was up +6%. Still on the rise, it should also be noted the persistence of a gap blocked since April 13 above 8 200. The second gap has been above 7 520 since April 3.


Values in Europe

On the European economic market, the news is diverse, but interesting. As an example, we should mention the ALD Group. The latter announces 128.9 million euros as net result for the first quarter of the current financial year. That is a fall of 3.7% annually. Additionally, the margin of the Solvay group improved by 0.8 point to 23% with 3.8% decline in sales at 2 474 million. This corresponds to -4.3% on an organic basis.

European news also mentions Crédit Agricole's announcements. Indeed, Crédit Agricole's underlying earnings are 0.17 euro per share in the first quarter of 2020. For year-on-year comparison, this is equivalent to a significant 25% drop. The accompanying underlying gross operating income is up 7.9%. That is the colossal sum of 1 583 million euros.