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Nasdaq Market Update 2023-05-09

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Nasdaq 100 fell -0.7% (-90.9 pts), closed at 13201 points.

Among the 150 largest-cap stocks, 54 (36%) closed higher. 41% of all Nasdaq stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -1.5% to 0.5%. 7 sectors outperformed the market. The market was down -0.6%; Energy was up 0.5%, the best performer; Financial was down -1.5%, the worst performer.

● Atlassian Corp (TEAM) rebounded 2.4% (+$3.13), closed at $133.14. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=TEAM

● Skyworks Solutions (SWKS) largely retreated -5.2% (-$5.45), closed at $99.79, the worst % loss in 7 months, also a 75-day low, crossed below MA200 ($101.1). The largest increase in volume.
360miq.com/stockinfo?code=SWKS

● Ryanair Holdings PLC ADR (RYAAY) rose 2.3% (+$2.18), closed at $98.41, rose 3 days in a row, hit a YTD high.
360miq.com/stockinfo?code=RYAAY

● PayPal (PYPL) sank -12.7% (-$9.615) after a 3-day winning streak, closed at $65.905, the worst % loss in 15 months, also hit a YTD low, crossed below MA20 and MA50 ($73.89, $74.16). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=PYPL

● Globalfoundries (GFS) tumbled -9.1% (-$5.47), closed at $54.33, the worst % loss in more than 13 months, also an 83-day low.
360miq.com/stockinfo?code=GFS

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

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