Nasdaq 100 largely rose 1.9% (+278 pts), closed at 14654 points, a 26-day high, crossed above MA50 (14395 pts).
Among the 150 largest-cap stocks, 130 (87%) closed higher, 111 of them rose with a lower volume. 74% of all Nasdaq stocks ended higher, good for the market.
In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.7% to 3.8%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Communication, The market was up 2%; Consumer Cyclical was up 3.8%, the best performer, reflecting a more aggressive market sentiment; Energy was down -0.7%, the worst performer.
● Pinduoduo (PDD) largely rebounded 18.9% (+$7.54), closed at $47.53, crossed above MA20 ($42.37). The best performer but with average volume.
360miq.com/stockinfo?code=PDD
● Okta (OKTA) fell -1.7% (-$2.83), closed at $166.58. The largest increase in volume.
360miq.com/stockinfo?code=OKTA
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