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Nasdaq Market Update 2024-01-08

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Nasdaq 100 largely rose 2.1% (+344 pts), closed at 16650 points, the best % gain in nearly 2 months, crossed above MA20 (16584 pts).

Among the 150 largest-cap stocks, 132 (88%) closed higher. 70% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -1.1% to 2.8%. only 2 sectors outperformed the market. Boosting by Technology and Healthcare, The market was up 2.1%; Technology was up 2.8%, the best performer, reflecting a more aggressive market sentiment; Energy was down -1.1%, the worst performer.

● JIN MEDICAL INTERNATIONAL (ZJYL) tumbled -21.6% (-$25.88), closed at $94, fell 4 days in a row, crossed below MA20 ($107.23). The worst performer but with average volume.
360miq.com/stockinfo?code=ZJYL

● Arm Holdings plc ADS (ARM) largely rebounded 8.6% (+$5.78), closed at $72.83, crossed above MA20 ($69.99). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=ARM

● NVIDIA (NVDA) jumped 6.4% (+$31.52), closed at $522.49, rose 3 days in a row, the best % gain in more than 4 months, also hit a record high.
360miq.com/stockinfo?code=NVDA

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

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