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Nasdaq Market Update 2023-08-03

360MiQ 0

Nasdaq 100 slightly fell -0.1% (-17.5 pts), closed at 15354 points, fell 3 days in a row.

Among the 150 largest-cap stocks, 77 (51%) closed higher. 47% of all Nasdaq stocks ended higher.

In terms of sectors, 4 sectors closed up, 7 sectors closed down, the market internal was more negative, ranging from -2.8% to 1.1%. 4 sectors outperformed the market. The market remained unchanged; Consumer Cyclical was up 1.1%, the best performer; Real Estate was down -2.8%, the worst performer.

● MercadoLibre (MELI) largely rebounded 13.6% (+$158.01), closed at $1322.815, the best % gain in nearly 1 year, also a 49-day high, crossed above MA20 and MA50 ($1185.33, $1208.83). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=MELI

● Cognizant Technology Solutions Corp Class A (CTSH) jumped 7.8% (+$5.09), closed at $70.435, the best % gain in nearly 40 months, also hit a YTD high, crossed above MA20 ($67.28).
360miq.com/stockinfo?code=CTSH

● PayPal (PYPL) tumbled -12.3% (-$9.03), closed at $64.17, fell 3 days in a row, the worst % loss in nearly 3 months, also a 33-day low, crossed below MA20 and MA50 ($72.23, $67.81). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=PYPL

● Qualcomm Incorporated (QCOM) tumbled -8.3% (-$10.72), closed at $118.55, fell 3 days in a row, the worst % loss in nearly 2.5 years, crossed below MA20 and MA50 ($123.55, $119.08).
360miq.com/stockinfo?code=QCOM

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

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