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Nasdaq Market Update 2024-02-16

360MiQ 0

Nasdaq 100 fell -0.9% (-160 pts), closed at 17686 points, fell -1.5% (-276 pts) for the week after a 5-week winning streak.

Among the 150 largest-cap stocks, 39 (26%) closed higher. 37% of all Nasdaq stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -1.7% to 0.5%. 7 sectors outperformed the market. The market was down -0.8%; Energy was up 0.5%, the best performer; Communication was down -1.7%, the worst performer.

● Trade Desk (TTD) spiked 17.5% (+$13.23), closed at $88.94, rose 3 days in a row, the best % gain in 1 year, also hit a YTD high, rose 24.7% (+$17.63) for the week, rose 4 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=TTD

● Super Micro Computer (SMCI) largely retreated -20% (-$201.3) after a 9-day winning streak, closed at $802.7, the worst % loss in more than 6 months, rose 8.4% (+$62.41) for the week, rose 7 weeks in a row. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=SMCI

● DoorDash Inc. Class A (DASH) largely retreated -8.1% (-$10.265), closed at $116.005, the worst % loss in nearly 17 months, fell -2.8% (-$3.305) for the week after a 5-week winning streak.
360miq.com/stockinfo?code=DASH

● Adobe Systems Incorporated (ADBE) plunged -7.4% (-$43.78), closed at $546.66, the worst % loss in more than 11 months, also hit a YTD low, fell -12.8% (-$80.55) for the week, fell 2 weeks in a row.
360miq.com/stockinfo?code=ADBE

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

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