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Nasdaq Market Update 2023-01-23

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Nasdaq 100 largely rose 2.2% (+254 pts), closed at 11873 points, a 32-day high.

Among the 150 largest-cap stocks, 126 (84%) closed higher. 65% of all Nasdaq stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 2.8%. only 2 sectors outperformed the market. Boosting by Technology and Consumer Cyclical, The market was up 1.9%; Technology was up 2.8%, the best performer, reflecting a more aggressive market sentiment; Real Estate remained unchanged, but already the worst performer.

● Advanced Micro Devices (AMD) spiked 9.2% (+$6.46), closed at $76.53, the best % gain in more than 2 months, also a 33-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=AMD

● Marvell Technology Group (MRVL) surged 8.3% (+$3.26), closed at $42.74, the best % gain in nearly 2 months, also a 25-day high, crossed above MA50 ($40.39).
360miq.com/stockinfo?code=MRVL

● Tesla (TSLA) soared 7.8% (+$10.39), closed at $143.81, a 21-day high.
360miq.com/stockinfo?code=TSLA

● NVIDIA (NVDA) soared 7.6% (+$13.52), closed at $191.91, the best % gain in nearly 2 months, also a 116-day high.
360miq.com/stockinfo?code=NVDA

● SBA Communications Corp (SBAC) largely fell -3.5% (-$10.44), closed at $286.37, crossed below MA20 and MA50 ($290.67, $290.9). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=SBAC

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

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