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Nasdaq Market Update 2024-01-19

360MiQ 0

Nasdaq 100 largely rose 2% (+332 pts), closed at 17314 points, hit a record high, rose 2.9% (+481 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 121 (81%) closed higher. 60% of all Nasdaq stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.1% to 2.4%. only 2 sectors outperformed the market. Boosting by Technology and Communication, The market was up 1.6%; Technology was up 2.4%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -0.1%, but already the worst performer.

● JIN MEDICAL INTERNATIONAL (ZJYL) largely retreated -2.6% (-$2.76), closed at $102.39, rose 26.4% (+$21.37) for the week after a 2-week losing streak. The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=ZJYL

● Super Micro Computer (SMCI) largely rebounded 36.1% (+$112.35) after a 4-day losing streak, closed at $423.79, hit a record high, rose 24.8% (+$84.23) for the week, rose 3 weeks in a row. The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=SMCI

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

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