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Nasdaq benefits from trades on its exchange and when assets
linked to its indexes rise.
The Nasdaq 100's climb, along with gains in the broader market,
have come even as U.S. coronavirus cases have soared, with more
than 3.6 million U.S. cases, and 140,000 killed.
Investors during the quarter largely focused on the benefits of
a flood of fiscal and monetary stimulus, as well as hopes for a
COVID-19 vaccine, vaulting major stock indices off their March
23 lows.
The rush to buy stocks, and especially tech stocks, came as more
people took up trading from home while under lockdown,
encouraged by the recent move by retail brokerages to offer
commission-free trading.
That helped lift Nasdaq's share price by around 21%
year-to-date, versus a rise of around 0.4% for the S&P 500
<.SPX>.
CME Group <CME.O>, New York Stock Exchange-owner
Intercontinental Exchange Inc <ICE.N>, and Cboe Global Markets <CBOE.Z>
report results next week on Wednesday, Thursday, and Friday
respectively.
CME, the world's largest futures exchange, is expected to report
lower profits as interest rate futures volumes declined sharply
in response the coronavirus pandemic's impact on the economy,
which has led to a long-term outlook for low rates. Shares of
the company are down around 17% this year.
ICE is expected to report higher earnings as a spike in equities
and options volumes off-set lower energy futures demand. ICE
shares are up around 1% in 2020.
Cboe earnings are expected to rise on higher stock and options
volumes. The company's shares are down around 26.5% year-to-date
on reduced demand for products linked to Cboe's VIX volatility
index.
(Reporting by John McCrank; editing by Megan Davies and Alistair
Bell)
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