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Nasdaq Market Update 2023-01-18

360MiQ 0

Nasdaq 100 fell -1.3% (-147 pts) after a 7-day winning streak, closed at 11410 points, is testing MA50 (11393 pts).

Among the 150 largest-cap stocks, 20 (13%) closed higher. Only 31% of all Nasdaq stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.8% to -2.5%. 3 sectors outperformed the market. The market was down -1.2%; Communication was down -0.8%, but already the best performer; Consumer Defensive was down -2.5%, the worst performer.

● Moderna (MRNA) largely rose 3.3% (+$6.36), closed at $197.05. The largest increase in volume.
360miq.com/stockinfo?code=MRNA

● JB Hunt Transport Services (JBHT) spiked 4.9% (+$8.62) after a 3-day losing streak, closed at $184.91, the best % gain in 1 month, also a 21-day high, crossed above MA20 and MA50 ($176.76, $179.01). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=JBHT

● Kraft Heinz Co (KHC) tanked -6.3% (-$2.68), closed at $39.65, fell 4 days in a row, the worst % loss in 8 months, also a 27-day low, crossed below MA20 and MA50 ($41.18, $39.68). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=KHC

● Pinduoduo (PDD) tanked -5.6% (-$5.3), closed at $89.55, the worst % loss in more than 2 months.
360miq.com/stockinfo?code=PDD

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

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