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Nasdaq Market Update 2023-02-02

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Nasdaq 100 surged 3.6% (+440 pts), closed at 12803 points, rose 3 days in a row, the best % gain in 2 months, also hit a YTD high.

Among the 150 largest-cap stocks, 109 (73%) closed higher. 74% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 9 sectors closed up, 1 sector closed down, 2 sectors remained unchanged, ranging from -1.8% to 6.7%. only 2 sectors outperformed the market. Boosting by Communication and Consumer Cyclical, The market was up 3.3%; Communication surged 6.7%, the best performer, reflecting a more aggressive market sentiment; Energy was down -1.8%, the worst performer.

● Align Technology (ALGN) soared 27.3% (+$77.21), closed at $359.74, rose 3 days in a row, the best % gain in more than 27 months, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=ALGN

● Meta Platforms (META) spiked 23.3% (+$35.66), closed at $188.78, rose 3 days in a row, the best % gain in 9 years, also hit a YTD high. The largest increase in volume.
360miq.com/stockinfo?code=META

● Sirius XM (SIRI) largely retreated -9.6% (-$0.565), closed at $5.295, the worst % loss in more than 34 months, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=SIRI

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

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