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Nasdaq Market Update 2023-03-21

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Nasdaq 100 rose 1.4% (+178 pts), closed at 12741 points, a 31-day high.

Among the 150 largest-cap stocks, 116 (77%) closed higher, 109 of them rose with a lower volume. 77% of all Nasdaq stocks ended higher, the most in more than 2 months, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -2% to 3.6%. 4 sectors outperformed the market. The market was up 1.7%; Consumer Cyclical was up 3.6%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -2%, the worst performer.

● American Electric Power Company (AEP) largely retreated -3.2% (-$2.97), closed at $88.79, the worst % loss in 5 months, crossed below MA20 and MA50 ($89.63, $91.23). The worst performer but with average volume.
360miq.com/stockinfo?code=AEP

● argenx NV ADR (ARGX) retreated -2.1% (-$7.79) after a 3-day winning streak, closed at $357.19. The largest increase in volume.
360miq.com/stockinfo?code=ARGX

● SolarEdge Technologies (SEDG) soared 8.9% (+$24.14), closed at $296.45, the best % gain in 1 month, crossed above MA200 ($287.76). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=SEDG

● Tesla (TSLA) jumped 7.8% (+$14.31), closed at $197.56, the best % gain in more than 1 month, crossed above MA20 ($189.89).
360miq.com/stockinfo?code=TSLA

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

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