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Nasdaq Market Update 2023-08-16

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Nasdaq 100 fell -1.1% (-162 pts), closed at 14876 points, a 35-day low.

Among the 150 largest-cap stocks, 28 (19%) closed higher. Only 26% of all Nasdaq stocks ended higher, the least for more than 1 month.

In terms of sectors, 11 sectors closed down, 1 sector remained unchanged, ranging from -1.8% to 0%. 7 sectors outperformed the market. The market was down -1.1%; Utilities remained unchanged, but already the best performer, reflecting a more conservative market sentiment; Consumer Cyclical was down -1.8%, the worst performer.

● JB Hunt Transport Services (JBHT) largely fell -3.4% (-$6.83), closed at $192.71, fell 3 days in a row, the worst % loss in more than 3 months. The largest increase in volume.
360miq.com/stockinfo?code=JBHT

● Ryanair Holdings PLC ADR (RYAAY) largely rebounded 2.7% (+$2.68), closed at $100.915, is testing MA20 ($101.07). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=RYAAY

● BeiGene (BGNE) plunged -5.2% (-$10.55), closed at $192.17, crossed below MA20 and MA50 ($200.63, $197.49). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=BGNE

● Monolithic Power Systems (MPWR) tumbled -4.8% (-$25.15), closed at $493.74, a 47-day low.
360miq.com/stockinfo?code=MPWR

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

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