Nasdaq 100 largely rebounded 2.8% (+370 pts) after a 3-day losing streak, closed at 13378 points, a 66-day high.
Among the 150 largest-cap stocks, 139 (93%) closed higher. 80% of all Nasdaq stocks ended higher, the most in more than 2 months, good for the market.
In terms of sectors, all sectors were up with gains from 0.8% to 3.3%. 3 sectors outperformed the market. The market was up 2.8%; Technology was up 3.3%, the best performer, reflecting an increasing risk appetite; Utilities, Consumer Defensive were up 0.8%, but already the worst performers.
● Trade Desk (TTD) jumped 36.2% (+$19.74), closed at $74.24, the best % gain in nearly 4 years, also an 87-day high, crossed above MA200 ($68.14). The best performer with the largest increase in volume.
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● SVB Financial Group (SIVB) soared 7.7% (+$32.2), closed at $451.97, a 41-day high, crossed above MA50 ($419.58).
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● Sanofi ADR (SNY) tanked -7% (-$3.43), closed at $45.23, fell 3 days in a row, the worst % loss in nearly 29 months, also hit a YTD low. The worst performer with a huge increase in volume.
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