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Nasdaq Market Update 2023-01-26

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Nasdaq 100 largely rose 2% (+236 pts), closed at 12051 points, a 91-day high, crossed above MA200 (12012 pts).

Among the 150 largest-cap stocks, 121 (81%) closed higher. 58% of all Nasdaq stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.1% to 3.7%. 4 sectors outperformed the market. The market was up 1.8%; Consumer Cyclical was up 3.7%, the best performer, reflecting a more aggressive market sentiment; Industrials was down -0.1%, but already the worst performer.

● Tesla (TSLA) soared 11% (+$15.86), closed at $160.29, rose 5 days in a row, the best % gain in more than 1 year, also a 28-day high, crossed above MA50 ($151.53). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=TSLA

● Steel Dynamics (STLD) spiked 10% (+$11.01), closed at $121.42, rose 3 days in a row, the best % gain in 34 months, also hit a record high.
360miq.com/stockinfo?code=STLD

● Li Auto Inc (LI) spiked 8.9% (+$2.07), closed at $25.23, an 82-day high.
360miq.com/stockinfo?code=LI

● Pinduoduo (PDD) spiked 8.4% (+$8.15), closed at $104.64, rose 6 days in a row, the best % gain in nearly 2 months, also a 347-day high.
360miq.com/stockinfo?code=PDD

● CSX (CSX) largely fell -2.9% (-$0.9), closed at $30.15, fell 3 days in a row, the worst % loss in 3 months, also a 51-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=CSX

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

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