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Nasdaq Market Update 2023-05-02

360MiQ 0

Nasdaq 100 fell -0.9% (-117 pts), closed at 13114 points.

Among the 150 largest-cap stocks, 29 (19%) closed higher. Only 27% of all Nasdaq stocks ended higher.

In terms of sectors, 1 sector closed up, 10 sectors closed down, 1 sector remained unchanged, ranging from -6.5% to 0.1%. 5 sectors outperformed the market, the market internal was more negative. The market was down -1.1%; Consumer Defensive was up 0.1%, but already the best performer, reflecting a more conservative market sentiment; Energy plummeted -6.5%, the worst performer.

● LPL Financial (LPLA) largely retreated -7.2% (-$15.18) after a 3-day winning streak, closed at $196.25, the worst % loss in more than 1 month, crossed below MA20 ($200.72). The worst performer but with average volume.
360miq.com/stockinfo?code=LPLA

● Marriott International (MAR) surged 5% (+$8.47), closed at $178.61, rose 4 days in a row, the best % gain in more than 5 months, also a 51-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=MAR

● Incyte (INCY) largely retreated -7.1% (-$5.385) after a 3-day winning streak, closed at $69.955, the worst % loss in nearly 1.5 years, also hit a YTD low, crossed below MA20 and MA50 ($74.03, $74.11). The largest increase in volume.
360miq.com/stockinfo?code=INCY

● Pinduoduo (PDD) tumbled -6.4% (-$4.41) after a 4-day winning streak, closed at $64.18, the worst % loss in more than 1 month, also hit a YTD low.
360miq.com/stockinfo?code=PDD

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

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