Tech stock markets are celebrating thanks to convincing quarterly figures from Netflix and ASML

Tech stock markets are celebrating thanks to convincing quarterly figures from Netflix and ASML

According to a report by finanzmarktwelt.de,

The stock markets are rejoicing as numerous quarterly figures reported by important companies are pushing prices upwards. Tech stock markets in particular benefit from the good Netflix data. Netflix added a whopping 13.12 million new subscribers, sending shares up 8% in after-hours trading. ASML, a key supplier to the chip industry, also posted impressive quarterly results, driving its shares up 17.6%. These positive developments caused the Dax to rise by 2.73% and the Nasdaq 100 by 5.78%. Siemens Energy and SAP are up 4.5% and 5%.

These positive quarterly figures and developments have the potential to further ignite the entire stock markets. A further rise in share prices could cause many investors to jump on the bandwagon in the future and trigger further waves of buying. The Dax is only 200 points away from its record high, and the American stock markets are already at record highs. With Big Tech's upcoming quarterly results next week, follow-up euphoria could offer further opportunities for profit.

These developments are a clear confirmation of investor confidence in technology and chip companies, and they could continue to have a positive impact on the market. The financial industry could benefit as increased investor confidence could lead to further investments and positive profit-taking. The many positive quarterly figures show that the technology industry continues to be a driving force on the stock markets.