Nasdaq 100 jumped 2.6% (+359 pts), closed at 14298 points, hit a YTD high, rose 3.6% (+495 pts) for the week, rose 5 weeks in a row.
Among the 150 largest-cap stocks, 112 (75%) closed higher. 66% of all Nasdaq stocks ended higher.
In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.2% to 3.2%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Technology, The market was up 2.1%; Consumer Cyclical was up 3.2%, the best performer, reflecting a more aggressive market sentiment; Energy was down -0.2%, but already the worst performer.
● Marvell Technology Group (MRVL) jumped 32.7% (+$16.19), closed at $65.66, hit a YTD high, rose 44.4% (+$20.2) for the week, rose 2 weeks in a row. The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=MRVL
● Pinduoduo (PDD) largely rebounded 19% (+$11.42) after a 3-day losing streak, closed at $71.44, the best % gain in more than 14 months, also a 34-day high, rose 18% (+$10.91) for the week, crossed above MA20 and MA50 ($63.71, $68.75).
360miq.com/stockinfo?code=PDD
● Broadcom (AVGO) soared 11.5% (+$83.56), closed at $812.36, the best % gain in nearly 38 months, also hit a record high, rose 19.1% (+$130.11) for the week, rose 4 weeks in a row.
360miq.com/stockinfo?code=AVGO
● Workday (WDAY) soared 10% (+$19.64), closed at $216.05, rose 3 days in a row, the best % gain in nearly 6 months, also hit a YTD high, rose 10.4% (+$20.34) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=WDAY
● Ulta Beauty (ULTA) tanked -13.4% (-$64.84), closed at $420.28, the worst % loss in 38 months, also hit a YTD low, fell -14.4% (-$70.77) for the week, fell 4 weeks in a row, crossed below MA200 ($470.87). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=ULTA
360miq.com/market?data=NASDAQ#tab-3
