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Nasdaq Market Update 2023-02-08

360MiQ 0

Nasdaq 100 largely retreated -1.8% (-233 pts), closed at 12495 points.

Among the 150 largest-cap stocks, 35 (23%) closed higher. Only 26% of all Nasdaq stocks ended higher, the least for nearly 2 months.

In terms of sectors, all sectors were down with losses from -0.2% to -5.1%. 10 sectors outperformed the market. Dragging by Communication, The market was down -1.9%; Energy was down -0.2%, but already the best performer; Communication was down -5.1%, the worst performer.

● Enphase Energy (ENPH) largely retreated -4.3% (-$9.74), closed at $218.72, crossed below MA20 ($226.56). The largest increase in volume.
360miq.com/stockinfo?code=ENPH

● Fortinet (FTNT) soared 10.9% (+$5.88), closed at $59.66, the best % gain in more than 11 months, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=FTNT

● Illumina (ILMN) largely retreated -8% (-$17.27), closed at $198.47, the worst % loss in nearly 6 months, crossed below MA20, MA50 and MA200 ($209.21, $206.15, $214.34). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=ILMN

● Alphabet Inc Class A (GOOGL) largely retreated -7.7% (-$8.25), closed at $99.39, the worst % loss in more than 3 months, crossed below MA200 ($104.47).
360miq.com/stockinfo?code=GOOGL

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

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