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Nasdaq Market Update 2023-02-24

360MiQ 0

Nasdaq 100 largely fell -1.7% (-210 pts), closed at 11970 points, fell -3.1% (-388 pts) for the week.

Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 22% of all Nasdaq stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.1% to 0.8%. 6 sectors outperformed the market. The market was down -1.7%; Energy was up 0.8%, the best performer; Consumer Cyclical was down -2.1%, the worst performer.

● Autodesk (ADSK) largely retreated -12.9% (-$28.605), closed at $192.555, the worst % loss in nearly 15 months, also a 31-day low, fell -12.5% (-$27.425) for the week, fell 3 weeks in a row, crossed below MA20, MA50 and MA200 ($219.47, $204.5, $200.51). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=ADSK

● Adobe Systems Incorporated (ADBE) sank -7.6% (-$26.49), closed at $320.53, the worst % loss in more than 5 months, also hit a YTD low, fell -10.2% (-$36.32) for the week, fell 3 weeks in a row.
360miq.com/stockinfo?code=ADBE

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

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