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Nasdaq Market Update 2022-10-04

360MiQ 0

Nasdaq 100 surged 3.1% (+353 pts), closed at 11583 points, the best % gain in more than 2 months.

Among the 150 largest-cap stocks, 149 (99%) 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 1.8% to 4.4%. 4 sectors outperformed the market. The market was up 3.3%; Consumer Cyclical was up 4.4%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive was up 1.8%, but already the worst performer.

● ANSYS (ANSS) rose 2.4% (+$5.47), closed at $233.44. The largest increase in volume.
360miq.com/stockinfo?code=ANSS

● Rivian Automotive (RIVN) largely rebounded 13.8% (+$4.39), closed at $36.28, the best % gain in nearly 5 months, crossed above MA20 and MA50 ($35.8, $35.11). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=RIVN

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

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