Nasdaq 100 Monthly Returns: Top gainers of tech-heavy index in July 2022

Nasdaq 100 had one of the strongest performances in July 2022 with the index leaping by over 11 per cent by the month finish. No marvel the Nasdaq 100 index posted the most important month-to-month advance since November 2020. Nasdaq 100 closed the Friday session at 12,947.97, up by 1.81 per cent and registering a acquire of 11.76 per cent over a 1-month interval. The tech-heavy index continues to be decrease by 20.66 per cent year-to-date.

Top gainers for July 2022 included shares of Tesla, Amazon, Apple, ASML Holdings, NVIDIA, Costco Wholesale, Broadcom, Microsoft, PepsiCo, Alphabet amongst others.

The Nasdaq 100 index is a large-cap progress index and consists of 100 of the highest home and worldwide non-financial firms primarily based on market capitalization.

The motive for the Nasdaq 100 index to submit spectacular efficiency in July may be attributed to the earnings stories introduced by some of the most important expertise firms. Amazon.com Inc., Alphabet Inc. and Microsoft Corp. Were the key contributors for the index to maneuver up sharply in July.

Here are the highest 10 shares with a market capitalization above $200 billion that led the rally in the tech-heavy Nasdaq 100 in July 2022.

Top 10 Nasdaq 100 shares – July 2022

The Nasdaq 100 index displays firms throughout main trade teams, together with pc {hardware} and software program, telecommunications, retail commerce, and biotechnology. However, it doesn’t embrace banking shares and shares of monetary firms, together with funding firms.

Instead of shopping for particular person shares, it’s possible you’ll think about shopping for the ETF that tracks the Nasdaq 100 index. Invesco QQQ is an ETF that tracks the Nasdaq 100 index and by shopping for Invesco QQQ ETF, you find yourself taking publicity in your entire 100 shares of the index. Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Google collectively referred to as FAANG shares are a component of the Nasdaq 100 index.

https://www.financialexpress.com/investing-abroad/featured-stories/nasdaq-100-monthly-returns-top-gainers-of-tech-heavy-index-in-july-2022/2612081/

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