Why is the Nasdaq 100 moving higher today?

Financial news coverage highlights big tech performance and software deals as current market themes, though these reports are subjects of discussion rather than proven direct causes for the day's 0.95% upward move.

How are rising bond yields affecting the tech sector?

Financial media notes the relationship between the Nasdaq and bond yields as a current topic of focus, following an October 2 close that saw the US 10-year Treasury yield reach 5.28% and the 2-year yield advance to 4.83%.

What key resistance levels sit above the US100 index?

The nearest overhead resistance is R2 at 31285.4. A bullish break above this trigger level would open the way to the R3 target at 31553.7.

Nasdaq 100 (US100) News Today: Index Trades Above R1 at 31083.5

Market news Bullish bias Oct 5, 2026, 19:49 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

The Nasdaq 100 trades higher during the New York session, supported by a broad technical uptrend and news coverage highlighting tech sector deals. Price action currently positions the index between the R1 and R2 pivots.

Financial analysts near multi monitor workstation using tablet device to analyze capital profit risks. Hedge f

Price31,083.5

Day change+0.95%

Day range30,706.1 - 31,117.0

ATR (14)461.7

Resistance	Level	Support	Level
R3	31,553.7	S1	30,521.7
R2	31,285.4	S2	30,253.4
R1	31,037.7	S3	30,005.7
Previous day high	31,017.1	Previous day low	30,501.1
20-day high	31,017.1	20-day low	28,744.6
Daily pivot 30,769.4. Data as of 2026-10-05 19:45 UTC; price from a live feed, levels computed from the previous completed daily bar.

Nasdaq 100 (US100) 1-hour chart with the daily pivot at 30,769.4, R1 31,037.7, R2 31,285.4, S1 30,521.7, S2 30,253.4 and the bullish and bearish scenario paths — Nasdaq 100 (US100), 1-hour candles with the daily pivot levels, the range between nearest support and resistance, and both scenario paths. Data as of 2026-10-05 19:45 UTC.

New York Session Momentum and Deal Reports

The Nasdaq 100 (US100) trades at 31083.5 in the New York session, marking a daily gain of 293.5 points, or 0.95%. Price sits between R1 at 31037.7 and R2 at 31285.4 as the market advances toward the New York close at 21:00 UTC. Financial newsflow highlights big tech performance and software deals pushing the index to fresh highs, as reported by FXEmpire. Concurrently, CNBC Television underscores ongoing market attention on the relationship between the Nasdaq and bond yields. These reports detail the current themes in financial media, though they are topics being reported, not demonstrated drivers of price.

Technical Uptrend and Daily Ranges

The index established a day high of 31117 and a day low of 30706.1 after opening at 30851.3. This intraday range of 410.9 points represents 89% of the 14-day average true range of 461.7. During the previous session, yesterday's close settled at 30790 after the market recorded a daily high of 31017.1 and a low of 30501.1, covering a range of 516 points.

The technical structure remains robustly upward across multiple timeframes, with the daily, four-hour, and one-hour charts all indicating an uptrend. On the daily chart, the current price is positioned above the 200-period exponential moving average at 27714.8. The faster daily indicators also reflect this momentum, with the 20-period exponential moving average at 30079.4 and the 50-period exponential moving average at 29664.2. The 14-day Relative Strength Index stands at 65.1.

Performance metrics over broader horizons show the index up 1.45% over the past five days and up 5.38% over the 20-day window. The five-day high sits at 31017.1, with the five-day low at 30076.6. Over the longer timeframe, the 20-day high matches the shorter peak at 31017.1, with the 20-day low positioned at 28744.6.

Treasury Yields and Futures Positioning

Context from the fixed-income sector shows US Treasury yields advanced at the daily close on October 2. The 10-year yield ended at 5.28%, up 4 basis points, and the 2-year yield reached 4.83%, up 5 basis points.

In the futures market, the Commitments of Traders report for the week to September 29 indicates that large speculators reduced net long Nasdaq 100 (US100) positions by 4903 contracts, bringing the net total to 51247. This metric records historical futures exposure and is not a forecast of future price direction.

Independent news sentiment analysis points to a decidedly positive tone across financial media. The bullish share sits at 71%, compared to a 29% bearish share, with the overall media mood registering 100 out of 100. A separate opportunity reading posts a bullish score of 55.

Immediate Pivot Targets and Scenarios

Assessing the immediate levels, support sits directly below the current action at R1, located at 31037.7. Overhead resistance is defined by R2 at 31285.4. A break above the trigger at R2 at 31285.4 would open the way to the R3 target at 31553.7; a move back below the daily pivot at 30769.4 would invalidate this bullish view.

Conversely, a break below the bearish trigger of S1 at 30521.7 would open the way to the S2 target at 30253.4; a move back above the daily pivot at 30769.4 would invalidate the bearish case. A pivot point calculator maps these specific thresholds based on recent daily price extremes.

Upcoming Fed Speakers and Labor Data

Looking ahead via the economic calendar, tomorrow brings US labor data and scheduled central bank commentary. The ADP Employment Change data is set for release at 12:15 UTC. Following the employment data, two Federal Reserve officials are slated to deliver remarks, with Williams speaking at 13:05 UTC and Bowman following at 14:45 UTC.