3 large technology stocks set to close higher as equities stay flat

Published: January 25 2023, 20:07 GMT+0

3 large technology stocks set to close higher as equities stay flat

Despite the markets being mostly flat towards the end of today's trading session, ASML Holding, NVIDIA, Broadcom have end the day as top gainers.

Markets don't have a clear cut direction β€” Nasdaq holds at 11,324. S&P 500 is relatively flat, trades at 4,016.

Current market events are being influenced by ambiguous macro data as Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million.

Nvidia | Broadly flat at $193.24; session high: $193.42 session low: $185.8

Stable at $193.24 and still trending upwards, Today's session might suggest a slow down β€” after ending yesterday at $192.65, the graphics processing unit manufacturer recovers back to $193.24 after dipping down to $185.8 today.

ASML | +1.84%; session high: $682.52 session low: $655

ASML has posted further gains as part of a 4 day trend that has already seen the stock gain $39.76. Heading in the same direction for now β€” the chip-making, semiconductor equipment systems manufacturer closed yesterday at $670. Today, it went up to $682.52 only to drop back, but is still positive overall β€” trading around $682.36.

ASML trades at $682.36 ahead of quarterly performance report which is scheduled to be released today.

Broadcom | Broadly flat at $586.06; session high: $586.41 session low: $576.04

While Broadcom is on a 4 day uptrend Today's session might suggest a slow down β€” after ending yesterday at $585.03, the semiconductors company recovers back to $586.06 after dipping down to $576.04 today.

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