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Nasdaq Market Update 2024-01-17

360MiQ 0

Nasdaq 100 fell -0.6% (-94.7 pts), closed at 16736 points, is testing MA20 (16699 pts).

Among the 150 largest-cap stocks, 45 (30%) closed higher. Only 31% of all Nasdaq stocks ended higher.

In terms of sectors, 10 sectors closed down, 2 sectors remained unchanged, ranging from -1.5% to 0%. 6 sectors outperformed the market. The market was down -0.6%; Consumer Defensive, Financial remained unchanged, but already the best performers, reflecting a more risk-averse market; Real Estate was down -1.5%, the worst performer.

● PayPal (PYPL) rebounded 2.5% (+$1.45), closed at $59.9, crossed above MA50 ($58.94). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=PYPL

● JIN MEDICAL INTERNATIONAL (ZJYL) largely retreated -8.6% (-$9.43), closed at $100.54. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=ZJYL

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