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Nasdaq Market Update 2022-10-07

360MiQ 0

Nasdaq 100 tumbled -3.9% (-447 pts), closed at 11039 points, fell 3 days in a row, rose 0.6% (+68 pts) for the week after a 3-week losing streak.

Among the 150 largest-cap stocks, 5 (3%) closed higher. Only 14% of all Nasdaq stocks ended higher, the least for nearly 4 months.

In terms of sectors, all sectors were down with losses from -1.2% to -4.6%. 9 sectors outperformed the market. Dragging by Technology and Consumer Cyclical, The market was down -3.6%; Energy was down -1.2%, but already the best performer; Technology, Consumer Cyclical were down -4.6%, the worst performers.

● DexCom (DXCM) jumped 7.3% (+$6.93), closed at $102.14, rose 5 days in a row, a 110-day high, rose 26.8% (+$21.6) for the week after a 3-week losing streak, crossed above MA200 ($96.45). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=DXCM

● Advanced Micro Devices (AMD) plummeted -13.9% (-$9.45), closed at $58.4, the worst % loss in nearly 31 months, also hit a YTD low, fell -7.8% (-$4.96) for the week, fell 4 weeks in a row. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=AMD

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

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