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Nasdaq Market Update 2024-03-04

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Nasdaq 100 retreated -0.4% (-76.5 pts), closed at 18226 points.

Among the 150 largest-cap stocks, 71 (47%) closed higher. 40% of all Nasdaq stocks ended higher.

In terms of sectors, 6 sectors closed up, 5 sectors closed down, 1 sector remained unchanged, ranging from -2.1% to 1.7%. 8 sectors outperformed the market. The market was down -0.6%; Utilities was up 1.7%, the best performer, reflecting a more risk-averse market; Consumer Cyclical was down -2.1%, the worst performer.

● JIN MEDICAL INTERNATIONAL (ZJYL) soared 32.1% (+$2.04), closed at $8.4, rose 3 days in a row, the best % gain in more than 1 month, crossed above MA50 ($8). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=ZJYL

● MicroStrategy Incorporated (MSTR) spiked 23.5% (+$253.52), closed at $1332.91, rose 6 days in a row, the best % gain in 31 months, also hit a record high.
360miq.com/stockinfo?code=MSTR

● Super Micro Computer (SMCI) soared 18.8% (+$170.02), closed at $1075.5, rose 3 days in a row, hit a record high.
360miq.com/stockinfo?code=SMCI

● Li Auto Inc (LI) plummeted -13.7% (-$5.95), closed at $37.59, the worst % loss in more than 16 months. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=LI

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

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