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Nasdaq Market Update 2024-02-23

360MiQ 0

Nasdaq 100 retreated -0.4% (-67.4 pts), closed at 17938 points, rose 1.4% (+252 pts) for the week.

Among the 150 largest-cap stocks, 89 (59%) closed higher. Despite Nasdaq 100 falling -0.4%, 54% of all Nasdaq stocks rose against the index.

In terms of sectors, 7 sectors closed up, the market internal was more positive, 5 sectors closed down, ranging from -1% to 0.7%. 9 sectors outperformed the market. The market was down -0.3%; Industrials was up 0.7%, the best performer; Consumer Cyclical was down -1%, the worst performer.

● Trip.com Group Ltd ADR (TCOM) surged 6% (+$2.66), closed at $47.33, rose 7 days in a row, hit a YTD high, rose 14.7% (+$6.08) for the week, rose 3 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=TCOM

● JIN MEDICAL INTERNATIONAL (ZJYL) plunged -12.5% (-$1.01), closed at $7.09, fell 4 days in a row, a 22-day low, fell -20.1% (-$1.78) for the week, crossed below MA50 ($7.54). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=ZJYL

● MercadoLibre (MELI) largely retreated -10.4% (-$188.19), closed at $1629.79, the worst % loss in more than 21 months, also a 28-day low, fell -7.9% (-$138.99) for the week, crossed below MA20 and MA50 ($1743.38, $1669.2). The largest increase in volume today.
360miq.com/stockinfo?code=MELI

● Booking (BKNG) largely retreated -10.1% (-$395.495), closed at $3506.495, the worst % loss in nearly 47 months, fell -5.7% (-$210.345) for the week, fell 2 weeks in a row, crossed below MA20 and MA50 ($3671.37, $3565.28).
360miq.com/stockinfo?code=BKNG

● Warner Bros Discovery (WBD) tumbled -10% (-$0.955), closed at $8.605, fell 3 days in a row, the worst % loss in more than 3 months, also hit a record low, fell -12.5% (-$1.225) for the week.
360miq.com/stockinfo?code=WBD

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

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