Nasdaq 100 spiked 3.3% (+404 pts), closed at 12681 points, rose 3 days in a row, rose 7.1% (+845 pts) for the week after a 7-week losing streak, crossed above MA20 (12362 pts).
Among the 150 largest-cap stocks, 145 (97%) closed higher. 85% of all Nasdaq stocks ended higher, the most in 2 years, good for the market.
In terms of sectors, all sectors were up with gains from 1.4% to 4.4%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Technology, The market was up 3.3%; Consumer Cyclical was up 4.4%, the best performer, reflecting an increasing risk appetite; Consumer Defensive was up 1.4%, but already the worst performer.
● Pinduoduo (PDD) soared 15.3% (+$6.41), closed at $48.34, rose 3 days in a row, the best % gain in more than 1 month, also a 37-day high, rose 18.2% (+$7.44) for the week, rose 2 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=PDD
● Ulta Beauty (ULTA) spiked 12.5% (+$47.34), closed at $425.3, rose 3 days in a row, the best % gain in more than 1.5 years, also a 26-day high, rose 24% (+$82.25) for the week, crossed above MA20, MA50 and MA200 ($379.45, $394.04, $383.75).
360miq.com/stockinfo?code=ULTA
● Workday (WDAY) largely retreated -5.7% (-$9.53), closed at $158.62, hit a YTD low, fell -4.4% (-$7.37) for the week, fell 4 weeks in a row. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=WDAY
360miq.com/market?data=NASDAQ#tab-3
