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Nasdaq Market Update 2023-11-01

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Nasdaq 100 largely rose 1.8% (+255 pts), closed at 14665 points, rose 4 days in a row, the best % gain in 2 months.

Among the 150 largest-cap stocks, 105 (70%) closed higher. 54% of all Nasdaq stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to 1.9%. 3 sectors outperformed the market. The market was up 1.6%; Communication was up 1.9%, the best performer, reflecting a more aggressive market sentiment; Industrials was down -0.1%, but already the worst performer.

● Advanced Micro Devices (AMD) soared 9.7% (+$9.57), closed at $108.07, the best % gain in 5 months, crossed above MA20, MA50 and MA200 ($102.84, $103.22, $100.12). The best performer with the largest increase in volume.

● Automatic Data Processing (ADP) largely fell -3.6% (-$7.85), closed at $210.37, a 105-day low. The worst performer with a significant increase in volume.

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