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Nasdaq Market Update 2022-03-16

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Nasdaq 100 spiked 3.7% (+498 pts), closed at 13957 points, the best % gain in 1 year, crossed above MA20 (13819 pts).

Among the 150 largest-cap stocks, 137 (91%) closed higher. 84% of all Nasdaq stocks ended higher, the most in 23 months, good for the market.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.6% to 6%. only 1 sector outperformed the market. Boosting by Consumer Cyclical, The market was up 3.9%; Consumer Cyclical was up 6%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -0.6%, the worst performer.

● Pinduoduo (PDD) surged 56.1% (+$15.32), closed at $42.63. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=PDD

● J.B. Hunt Transport Services (JBHT) jumped 9.6% (+$19.08), closed at $218.06, the best % gain in nearly 2 years, also hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=JBHT

● Baker Hughes Company Class A (BKR) largely fell -3.5% (-$1.21), closed at $33.66, fell 3 days in a row. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=BKR

360miq.com/market?data=NASDAQ#tab-3

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