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Nasdaq Market Update 2022-07-29

360MiQ 0

Nasdaq 100 largely rose 1.8% (+230 pts), closed at 12948 points, rose 3 days in a row, a 58-day high, rose 4.5% (+552 pts) for the week, rose 2 weeks in a row, rose 12.6% (+1444 pts) for the month.

Among the 150 largest-cap stocks, 108 (72%) closed higher. 58% of all Nasdaq stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.8% to 5.4%. 4 sectors outperformed the market. The market was up 1.8%; Consumer Cyclical was up 5.4%, the best performer, reflecting a more aggressive market sentiment; Communication was down -0.8%, the worst performer.

● Amazon.com (AMZN) surged 10.4% (+$12.72), closed at $135, rose 3 days in a row, the best % gain in more than 5 months, also a 62-day high, rose 10.3% (+$12.58) for the week, rose 2 weeks in a row, rose 27.1% (+$28.79) for the month. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=AMZN

● Intel (INTC) sank -8.6% (-$3.415), closed at $36.295, the worst % loss in 9 months, also hit a YTD low, fell -7.4% (-$2.905) for the week after a 3-week winning streak, fell -3% (-$1.115) for the month, crossed below MA20 ($38.39). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=INTC

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

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