Chart of the day: Nasdaq comeback looks to have the breadth but does it have the staying power?
While the Philadelphia Semiconductor Index (SOX) soared by almost 6.9%, the Nasdaq closed up by 2.7% to start the new week. The comeback looks convincing enough for one day for now.
In this article
On the Nasdaq today front, While the Philadelphia Semiconductor Index (SOX) soared by almost 6.9%, the Nasdaq closed up by 2.7% to start the new week, according to investingLive. The comeback looks convincing enough for one day for now.
Key points
- While 29 out of 30 semiconductor index constituents finished higher, AMD soared higher by 13.3% and Broadcom moved up by 8.8% in trading yesterday.
- That's quite the comeback following a rather brutal showing by tech shares in the week before.
- The Nasdaq is still marginally below where it finished October trading even with Monday's impressive recovery.
Inside the Nasdaq today story
That's quite the comeback following a rather brutal showing by tech shares in the week before. The Nasdaq is still marginally below where it finished October trading even with Monday's impressive recovery. While 29 out of 30 semiconductor index constituents finished higher, AMD soared higher by 13.3% and Broadcom moved up by 8.8% in trading yesterday.
The poster boy of the AI trade declined by over 4% yesterday but that was largely tied to the controversy surrounding CEO Jensen Huang instead of a straightforward reflection of broader AI demand. For the Nasdaq, it will be crucial to watch to see if dip buyers can hold above the 200-day moving average following reclaiming the key technical level yesterday.
The SOX stays below its own 200-day moving average and so that leaves plenty of ground to make up even with Monday's jump.
Why traders are watching Nasdaq today
Equity moves reflect expectations for earnings, interest rates and economic growth. Strong or weak results from large companies can shift sentiment across whole sectors and indices.
Stock-market sentiment also spills over into currencies: risk-on moods tend to favour higher-yielding currencies, while sell-offs often support safe havens.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-10 11:10 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,299.55 | 0.27% | 75,568.18 | 74,091.64 |
| Ethereum (ETH) | 2,097.16 | -0.48% | 2,151.90 | 2,084.00 |
On the currency side, the latest ECB daily reference rates (2026-11-09) show EUR/USD 1.1193, GBP/USD 1.3416, AUD/USD 0.6894, NZD/USD 0.5613, USD/JPY 157.95, USD/CHF 0.8187, USD/CAD 1.4103, USD/CNY 6.6728. These are reference fixes, not live quotes.
What to watch next for Nasdaq today
Traders will track upcoming earnings, guidance from company management, bond yields and macro data that could change the rate outlook.
Key scheduled releases on the economic calendar:
- USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
- USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Crude oil loses ground on renewed US-Iran agreement hopes, but a concrete breakthrough is not in sight yet or see all of today's top market news.
FAQ
What is the latest Nasdaq today news?
While the Philadelphia Semiconductor Index (SOX) soared by almost 6.9%, the Nasdaq closed up by 2.7% to start the new week.
Why do stock markets react to interest rates?
Higher rates raise borrowing costs and reduce the present value of future profits, which tends to weigh on stock valuations, especially for growth companies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
