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The Nasdaq 100 index, which incorporates the hundred largest non-financial corporations listed on the Nasdaq inventory trade, formally entered a bull market on the finish of the buying and selling day on March 29, 2023.
The tech-heavy index, which is completely replicated by the Invesco QQQ Belief ETF QQQ, has climbed by greater than 20% from its lows in October 2022 so far, breaking the bear market that started in February 2022.
To this point, the primary quarter of 2023 has been the second best-performing quarter for the Nasdaq 100 index within the earlier ten years, with a 17.5% achieve, trailing solely the beautiful 30% rise within the second quarter of 2020 following the post-Covid rally.
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Which Shares Propelled The Nasdaq Into A Bull Market?
The next shares have been the first drivers of the foremost know-how inventory index’s ascent over the previous months:
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NVIDIA Corp NVDA, up 85% yr so far, bringing 2.8 share factors to the index’s general efficiency.
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Apple Inc. AAPL, up 23% yr so far, which equally supplied 2.8 share factors to the Nasdaq’s general efficiency.
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Microsoft Company MSFT, up 17% yr so far, including 2.2 share factors to complete efficiency.
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Meta Platforms META, up 70% yr so far, contributing for 1.7 share factors to the Nasdaq’s complete efficiency.
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Tesla, Inc. TSLA, up 57% yr so far, delivering 1.6 share factors to the efficiency of the index.
Nasdaq 100 Index’s Return Extra Than Doubles Throughout Bull Markets
There have been 4 bull markets within the Nasdaq 100 index since 1990:
- From October 1990 to July 1998, when the Nasdaq 100 delivered a complete return of 962.4%, which corresponded to an annualized return of 25.8%.
- From October 2002 to October 2007, when the index delivered a complete return of 153.4%, which corresponded to an annualized return of 16.3%.
- From March 2009 to February 2020, when the index delivered an astonishing complete return of 1,156.1%, which corresponded to an annualized return of 21.1%.
- From April 2020 to February 2022, when the index delivered a complete return of 134.2%, which corresponded to an annualized return of 46.2%.
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