Nasdaq 100
The tech-heavy US index — high beta, rate-sensitive, AI-driven.
Previous close $30,571.24
52-week high
$30,656.95
52-week low
$17,094.36
YTD change
+21.11%
Historical series derived from QQQ ETF and scaled to today's index level — shape is accurate, absolute levels are approximate (±small tracking error).Up over the period.
The 30-second take
More sensitive to interest rates than the S&P because growth stocks' future cash flows discount more when rates rise. When the NDX outperforms the S&P, it usually signals a softer rate outlook or AI-led enthusiasm. The classic interview framing: 'the NDX / SPX ratio is a proxy for tech risk-on'. Moves in excess of the broader market are almost always rate- or sentiment-driven, not earnings-driven.
Historical reference points
Bankers instinctively contextualise today's level against these moments. Each row shows how far the current level is above / below that reference.
- Dot-com peakMar 2000$4,816.00+533.46%
- Dot-com bottomOct 2002$795.00+3737.41%
- COVID crash lowMar 2020$6,994.00+336.19%
- Pre rate-hike peakNov 2021$16,767.00+81.95%
Compare against
Master the whole framework
The live numbers are one leg. Read the lesson for the four things to always know, plus the full interview script.
Discussing Markets — read the lesson →