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Nasdaq Market Update 2023-11-14

360MiQ 0

Nasdaq 100 largely rose 2.1% (+329 pts), closed at 15812 points, an 82-day high.

Among the 150 largest-cap stocks, 133 (89%) closed higher. 81% of all Nasdaq stocks ended higher, the most in more than 21 months, good for the market.

In terms of sectors, all sectors were up with gains from 1.4% to 4.7%. 6 sectors outperformed the market. The market was up 2.3%; Real Estate was up 4.7%, the best performer; Energy, Consumer Defensive were up 1.4%, but already the worst performers.

● Arch Capital Group (ACGLO) largely rose 2.7% (+$0.58), closed at $22.36, rose 3 days in a row, a 74-day high, crossed above MA200 ($21.81). The largest increase in volume.
360miq.com/stockinfo?code=ACGLO

● Globalfoundries (GFS) soared 7% (+$3.64), closed at $55.77, rose 3 days in a row, the best % gain in nearly 9 months, crossed above MA20 and MA50 ($52.55, $55.54). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=GFS

● SBA Communications Corp (SBAC) jumped 6.7% (+$14.66), closed at $233.58, the best % gain in 1 year, also an 85-day high, crossed above MA200 ($233.23).
360miq.com/stockinfo?code=SBAC

● Marvell Technology Group (MRVL) largely rebounded 6.7% (+$3.57), closed at $57.02, the best % gain in more than 5 months, also a 49-day high.
360miq.com/stockinfo?code=MRVL

● Atlassian Corp (TEAM) jumped 6.4% (+$11.22), closed at $186.26, the best % gain in more than 3 months, crossed above MA20 ($180.56).
360miq.com/stockinfo?code=TEAM

● Vodafone Group PLC ADR (VOD) largely fell -4.1% (-$0.395), closed at $9.125, the worst % loss in nearly 6 months, crossed below MA20 ($9.38). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=VOD

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

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