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Nasdaq Market Update 2024-03-12

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Nasdaq 100 rose 1.5% (+267 pts), closed at 18219 points.

Among the 150 largest-cap stocks, 104 (69%) closed higher. Despite Nasdaq 100 rising 1.5%, only 45% of all Nasdaq stocks follow suit.

In terms of sectors, 7 sectors closed up, 3 sectors closed down, 2 sectors remained unchanged, ranging from -0.7% to 2.3%. only 2 sectors outperformed the market. Boosting by Technology and Consumer Cyclical, The market was up 1.4%; Technology was up 2.3%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -0.7%, the worst performer.

● JIN MEDICAL INTERNATIONAL (ZJYL) plunged -5.5% (-$0.375), closed at $6.505, fell 4 days in a row. The worst performer but with average volume.
360miq.com/stockinfo?code=ZJYL

● Li Auto Inc (LI) soared 8.9% (+$3.25), closed at $39.72, crossed above MA20 ($37.08). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=LI

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