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Nasdaq Market Update 2023-08-07

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Nasdaq 100 rose 0.9% (+133 pts) after a 4-day losing streak, closed at 15408 points.

Among the 150 largest-cap stocks, 109 (73%) closed higher, 90 of them rose with a lower volume. Despite Nasdaq 100 rising 0.9%, only 49% of all Nasdaq stocks follow suit.

In terms of sectors, 8 sectors closed up, 2 sectors closed down, 2 sectors remained unchanged, ranging from -0.4% to 2.1%. 5 sectors outperformed the market. The market was up 0.7%; Communication was up 2.1%, the best performer, reflecting a more aggressive market sentiment; Healthcare was down -0.4%, but already the worst performer.

● Monster Beverage Corp (MNST) largely rebounded 6.2% (+$3.39), closed at $58.5, the best % gain in 9 months, also a 29-day high, crossed above MA20 and MA50 ($57.37, $57.7). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=MNST

● BioNTech SE (BNTX) plummeted -7.5% (-$8.01), closed at $98.47, the worst % loss in more than 7 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=BNTX

● Moderna (MRNA) sank -6.4% (-$6.96), closed at $101.23, fell 6 days in a row, the worst % loss in more than 3 months, also hit a YTD low.
360miq.com/stockinfo?code=MRNA

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

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