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Nasdaq Market Update 2023-06-02

360MiQ 0

Nasdaq 100 rose 0.7% (+105 pts), closed at 14547 points, hit a YTD high, rose 1.7% (+249 pts) for the week, rose 6 weeks in a row.

Among the 150 largest-cap stocks, 114 (76%) closed higher. 76% of all Nasdaq stocks ended higher, the most in 5 months, good for the market.

In terms of sectors, all sectors were up with gains from 0.3% to 3.7%. 7 sectors outperformed the market. The market was up 1%; Basic Materials was up 3.7%, the best performer; Communication was up 0.3%, but already the worst performer.

● MongoDB (MDB) soared 28% (+$82.36), closed at $376.32, rose 4 days in a row, hit a YTD high, rose 32.8% (+$92.96) for the week, rose 8 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=MDB

● Lululemon Athletica (LULU) largely rebounded 11.3% (+$37.09) after a 9-day losing streak, closed at $365.44, the best % gain in 2 months, rose 7.4% (+$25.18) for the week after a 3-week losing streak, crossed above MA20, MA50 and MA200 ($362.8, $363.38, $331.04).
360miq.com/stockinfo?code=LULU

● T-Mobile US (TMUS) largely retreated -5.5% (-$7.7), closed at $131.21, the worst % loss in 13 months, also hit a YTD low, fell -2.9% (-$3.94) for the week, fell 3 weeks in a row. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=TMUS

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

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