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Nasdaq Market Update 2023-08-24

360MiQ 0

Nasdaq 100 largely retreated -2.2% (-332 pts), closed at 14816 points, the worst % loss in 1 month.

Among the 150 largest-cap stocks, 19 (13%) closed higher. Only 25% of all Nasdaq stocks ended higher, the least for more than 1 month.

In terms of sectors, all sectors were down with losses from -0.3% to -2.3%. 9 sectors outperformed the market. Dragging by Technology and Communication, The market was down -1.9%; Real Estate was down -0.3%, but already the best performer; Technology was down -2.3%, the worst performer.

● VinFast Auto (VFS) spiked 32.1% (+$11.88), closed at $48.91, rose 4 days in a row, hit a record high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=VFS

● Splunk (SPLK) spiked 12.9% (+$12.89), closed at $112.82, the best % gain in more than 8 months, also hit a YTD high, crossed above MA20 and MA50 ($101.39, $103.81).
360miq.com/stockinfo?code=SPLK

● Dollar Tree (DLTR) largely retreated -12.9% (-$18.34), closed at $123.88, the worst % loss in 15 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=DLTR

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

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