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Nasdaq Market Update 2024-04-23

360MiQ 0

Nasdaq 100 rose +1.5% (+260 pts), closed at 17471 points.

Among the 150 largest-cap stocks, 125 (83%) closed higher. 73% of all Nasdaq stocks ended higher, the most in 1 month, good for the market.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.3% to +1.9%. only 1 sector outperformed the market. Boosting by Technology, The market was up +1.6%; Technology was up +1.9%, the best performer, reflecting an increasing risk appetite; Basic Materials was down -0.3%, but already the worst performer.

● Liberty Media Corporation Series A Liberty Formula One (FWONA) rose +2% (+$1.22), closed at $62.35, rose 3 days in a row, a 27-day high, crossed above MA50 ($61.32). The largest increase in volume.
360miq.com/stockinfo?code=FWONA

● MongoDB (MDB) jumped +7.7% (+$26.34), closed at $366.5, the best % gain in more than 5 months, also a 26-day high, crossed above MA20 ($350.74). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=MDB

● PepsiCo (PEP) largely retreated -3% (-$5.26) after a 5-day winning streak, closed at $171.2, the worst % loss in more than 2 months, is testing MA20 ($170.89). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=PEP

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

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