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Nasdaq Market Update 2024-04-17

360MiQ 0

Nasdaq 100 fell -1.2% (-220 pts), closed at 17494 points, a 38-day low.

Among the 150 largest-cap stocks, 45 (30%) closed higher. 38% of all Nasdaq stocks ended higher.

In terms of sectors, 4 sectors closed up, 7 sectors closed down, 1 sector remained unchanged, ranging from -2% to +1%. 10 sectors outperformed the market. Dragging by Technology, The market was down -1.1%; Utilities was up +1%, the best performer, reflecting a decreasing risk appetite; Technology was down -2%, the worst performer.

● Autodesk (ADSK) tanked -5.9% (-$13.36), closed at $214.88, fell 4 days in a row, the worst % loss in nearly 5 months, also hit a YTD low, crossed below MA200 ($227.03). The largest increase in volume.
360miq.com/stockinfo?code=ADSK

● First Solar (FSLR) largely rebounded +2.8% (+$4.77) after a 4-day losing streak, closed at $177.85. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=FSLR

● Arm Holdings (ARM) plummeted -12% (-$14.71), closed at $107.51, fell 4 days in a row, the worst % loss in 2 months, also a 47-day low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=ARM

● ASML Holding NV ADR (ASML) largely retreated -7.2% (-$70.12), closed at $906.8, the worst % loss in 22 months, also a 43-day low, crossed below MA20 and MA50 ($972.45, $959.2).
360miq.com/stockinfo?code=ASML

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

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