Nasdaq 100 largely rose 2% (+246 pts), closed at 12291 points, rose 2.7% (+321 pts) for the week, is testing MA20 (12309 pts).
Among the 150 largest-cap stocks, 134 (89%) closed higher. 72% of all Nasdaq stocks ended higher, the most in 1 month, good for the market.
In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.3% to 2.3%. 4 sectors outperformed the market. The market was up 1.9%; Consumer Cyclical, Technology were up 2.3%, the best performers, reflecting an increasing risk appetite; Consumer Defensive was down -0.3%, but already the worst performer.
● Illumina (ILMN) spiked 7.1% (+$14.68), closed at $221.2, rose 12.5% (+$24.61) for the week, crossed above MA200 ($209.23). The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=ILMN
● Align Technology (ALGN) jumped 6.8% (+$21.28), closed at $334.49, rose 9.2% (+$28.21) for the week, crossed above MA20 ($321.48).
360miq.com/stockinfo?code=ALGN
● Meta Platforms (META) spiked 6.1% (+$10.71), closed at $185.24, rose 8.7% (+$14.85) for the week after a 3-week losing streak, crossed above MA20 ($177.22).
360miq.com/stockinfo?code=META
● Broadcom (AVGO) spiked 5.7% (+$33.92), closed at $632.57, the best % gain in nearly 2 months, also hit a YTD high, rose 9.5% (+$54.82) for the week.
360miq.com/stockinfo?code=AVGO
● Marvell Technology Group (MRVL) largely retreated -4.8% (-$2.215) after a 4-day winning streak, closed at $44.015, the worst % loss in 1 month, rose 0.4% (+$0.165) for the week after a 3-week losing streak, crossed below MA20 and MA200 ($45.11, $45.74). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=MRVL
360miq.com/market?data=NASDAQ#tab-3
