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Nasdaq Market Update 2022-08-05

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Nasdaq 100 fell -0.8% (-103 pts), closed at 13208 points, rose 2% (+260 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 63 (42%) closed higher. Despite Nasdaq 100 falling -0.8%, 56% of all Nasdaq stocks rose against the index.

In terms of sectors, 6 sectors closed up, 4 sectors closed down, 2 sectors remained unchanged, ranging from -2.5% to 3.1%. 8 sectors outperformed the market. The market was down -0.4%; Energy was up 3.1%, the best performer; Consumer Cyclical was down -2.5%, the worst performer.

● Atlassian Corp (TEAM) spiked 16.6% (+$38.34), closed at $268.75, rose 8 days in a row, the best % gain in 1 year, also a 74-day high, rose 28.4% (+$59.43) for the week, rose 3 weeks in a row. The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=TEAM

● Warner Bros Discovery (WBD) largely retreated -16.6% (-$2.895) after a 4-day winning streak, closed at $14.585, the worst % loss in more than 16 months, fell -2.8% (-$0.415) for the week after a 2-week winning streak, crossed below MA20 and MA50 ($14.81, $15.12). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=WBD

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

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