Nasdaq 100 Ticks Higher Following FOMC Rate Decision, Powell Presser 2021-07-28 19:45:00 Peter Hanks, Strategist Nasdaq 100 Price Forecast: The Nasdaq 100 ticked higher following the July FOMC rate decision as equities look to enjoy a continued accommodative backdrop Elsewhere, strong technology earnings have helped justify current valuations Market participants may now turn their focus to the upcoming stream of earnings report for further influence Nasdaq 100 Ticks Higher Following FOMC Rate Decision, Powell Presser The Nasdaq 100 is on pace to close Wednesday trading slightly higher, despite a FOMC event that sparked USD strength – generally an indication of a hawkish lean. While initial takeaways and price action are largely mixed, there was little in the meeting or subsequent press conference to suggest the backdrop equities have enjoyed for more than a year will suddenly change for the worse. That said, the Nasdaq 100, Dow Jones and S&P 500 may look to continue their upward climb in the weeks to come.