The Latest News:

  • The Nasdaq-100 is hovering near a 14-year high.
  • Technology stocks are rallying after Facebook (NasdaqGS: FB) revealed better-than-expected second-quarter results led by strong revenue in mobile advertising, MarketWatch reports.
  • “The funky nervousness and volatility has gone away this week,” Kevin Blocker, senior quantitative analyst at Horizon Investments, said in a Wall Street Journal article. “You see demand swamp in every time.”
  • TripAdvisor, though, declined after the online-travel website stated that its second quarter profit missed expectations.
  • So far, 77% of Standard & Poor’s 500 Index companies have beaten second quarter projections, with 290 yet to reveal earnings, Bloomberg reports.

Direxion NASDAQ-100 Equal Weighted Index Shares

For past stories in this series, visit our ETF Spotlight category.

Max Chen contributed to this article.

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