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Nasdaq Market Update 2023-05-23

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Nasdaq 100 fell -1.3% (-177 pts), closed at 13673 points.

Among the 150 largest-cap stocks, 30 (20%) closed higher. 44% of all Nasdaq stocks ended higher.

In terms of sectors, 11 sectors closed down, 1 sector remained unchanged, ranging from -2% to 0%. 8 sectors outperformed the market. The market was down -1.3%; Utilities remained unchanged, but already the best performer, reflecting a more conservative market sentiment; Real Estate was down -2%, the worst performer.

● Moderna (MRNA) jumped 8.7% (+$11.02), closed at $137.76, rose 3 days in a row, the best % gain in more than 5 months, also a 20-day high, crossed above MA20 ($130.55). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=MRNA

● BioNTech SE (BNTX) soared 8.2% (+$8.85), closed at $116.35, rose 3 days in a row, the best % gain in 7 months, also a 20-day high, crossed above MA20 ($108.14). The largest increase in volume.
360miq.com/stockinfo?code=BNTX

● Zoom Video Communications (ZM) largely retreated -8.1% (-$5.75), closed at $65.66, the worst % loss in more than 6 months, crossed below MA50 ($67.39). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=ZM

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

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