Nasdaq 100 largely rose 2.1% (+301 pts), closed at 14420 points, rose 4 days in a row, a 20-day high, rose 8.4% (+1118 pts) for the week after a 2-week losing streak, is testing MA50 (14442 pts).
Among the 150 largest-cap stocks, 118 (79%) closed higher. 68% of all Nasdaq stocks ended higher, good for the market.
In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -1% to 2.9%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Technology, The market was up 2%; Consumer Cyclical was up 2.9%, the best performer, reflecting an increasing risk appetite; Utilities was down -1%, the worst performer.
● Li Auto (LI) largely rebounded 12.3% (+$3.08), closed at $28.185, rose 27.1% (+$6.01) for the week after a 3-week losing streak, crossed above MA20 and MA50 ($26.38, $27.54). The best performer today with a significant decrease in volume.
360miq.com/stockinfo?code=LI
● Cincinnati Financial (CINF) largely retreated -3.3% (-$4.32), closed at $127.95, the worst % loss in nearly 3 months, rose 5.1% (+$6.26) for the week after a 3-week losing streak. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=CINF
360miq.com/market?data=NASDAQ#tab-3
