{
  "id": 1738829,
  "title": "Nasdaq Composite still has room to climb",
  "url": "https://urgent.news/2026/08/17/nasdaq-composite-still-has-room-to-climb",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/731353/business/nasdaq-composite-still-has-room-to-climb"
  },
  "original_language": "en",
  "account": "The Nasdaq Composite continues to demonstrate potential for future growth, according to technical analysts. This technology-driven index, encompassing over 3,000 companies listed on the Nasdaq, recently broke through a short-term bullish pennant formation, indicating the onset of a new uptrend, despite a minor dip in recent days. Despite falling roughly 1.7% to 26,644.91 as of Monday's close, the Composite remains in proximity to its all-time highs. On June 2, the index reached a record closing high of 27,093.901, and on June 1, it peaked intraday at 27,190.21. The market's internal data paints a similarly optimistic picture. The Nasdaq New High/New Low index, which gauges the widespread nature of market gains, has been on the rise since July 31, with gains persisting for 10 consecutive days before settling around 68% on Monday - a level close to its early-June peak of 72.6% and late April peak of 77.1%. To bolster bullish sentiment, these benchmarks would need to surpass their historical levels, indicating an expanding range of participating stocks and momentum.",
  "summary": "The broader picture remains encouraging for the Nasdaq Composite, with technical analysis suggesting the index still has room to notch new highs and shrug off short-term wobbles.The technology-heavy i...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}