The Nasdaq 100 recorded a 2.04% intraday swing on Aug. 3, closing at 28,768.30 just 4.42 points below its session high. The index recovered from a session low of 28,196.88 to finish near the top of its range on volume of 808.7 million shares.
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Nasdaq 100 swings 2.04% intraday, closes near session high
The Nasdaq 100 swung 2.04% intraday on Aug. 3, closing at 28,768.30, just 4.42 points below its session high of 28,772.72.
The index opened at 28,278.59 and fell to a session low of 28,196.88 before rallying to finish near the top of its range. Volume reached 808.7 million shares, with the close-to-open gain at 1.73%.
The 575.84-point spread between the session high and low represents the full intraday amplitude. The index closed 2.03% above its session low, with the final print landing within 0.02% of the day's peak. The recovery from the session low to the close, a move of roughly 571 points, indicates buyers stepped in during the latter half of the session.
The wide intraday range and the close near the session high highlight the volatility in the Nasdaq 100, which tracks the 100 largest non-financial companies listed on the Nasdaq exchange. The index's ability to hold gains into the close after opening lower could set up follow-through momentum in the next trading session.
The session's price action shows the index spent the first portion of the day under pressure, trading as low as 28,196.88 before reversing course. The close at 28,768.30 represents a 1.73% gain from the open and a 2.03% recovery from the session low. The proximity of the close to the session high — within 0.02% — suggests sustained buying interest in the final hours of trading.
Volume of 808.7 million shares provides context for the magnitude of the move. The index's ability to absorb selling pressure and close near the high of the day, despite the wide intraday range, points to a constructive technical setup. The 28,700 level, which the index reclaimed during the rally, could serve as a reference point for the next session.
The intraday pattern — an early decline to 28,196.88 followed by a sustained rally to 28,768.30 — shows the index traded in a 575.84-point band throughout the session. The close within 0.02% of the session high, combined with the 1.73% gain from the open, reflects a session where sellers were active early but buyers dominated the closing hours. The index's performance on Aug. 3 will be measured against the 28,700 support level in subsequent sessions, with the session high of 28,772.72 serving as the immediate resistance.
This article is for informational purposes only and does not constitute investment advice.
