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Nasdaq Market Update 2023-12-07

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Nasdaq 100 rose 1.5% (+234 pts), closed at 16022 points, crossed above MA20 (15844 pts).

Among the 150 largest-cap stocks, 106 (71%) closed higher. 61% of all Nasdaq stocks ended higher.

In terms of sectors, 8 sectors closed up, 3 sectors closed down, 1 sector remained unchanged, ranging from -0.7% to 3.8%. only 1 sector outperformed the market. Boosting by Communication, The market was up 1.5%; Communication was up 3.8%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.7%, the worst performer.

● JIN MEDICAL INTERNATIONAL (ZJYL) spiked 16.2% (+$4.04), closed at $28.94, hit a record high. The best performer but with average volume.
360miq.com/stockinfo?code=ZJYL

● Advanced Micro Devices (AMD) largely rebounded 9.9% (+$11.53) after a 3-day losing streak, closed at $128.35, the best % gain in more than 6 months, also a 123-day high, crossed above MA20 ($120.29). The largest increase in volume.
360miq.com/stockinfo?code=AMD

● Walgreens Boots Alliance (WBA) surged 7.1% (+$1.53), closed at $22.905, the best % gain in nearly 13 months, also a 38-day high.
360miq.com/stockinfo?code=WBA

● O’Reilly Automotive (ORLY) largely fell -3.2% (-$31.75), closed at $953.45, the worst % loss in more than 1 month, also a 22-day low, crossed below MA20 ($979.76). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=ORLY

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

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