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Nasdaq Market Update 2024-05-02

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Nasdaq 100 rose +1.3% (+223 pts), closed at 17542 points.

Among the 150 largest-cap stocks, 107 (71%) closed higher. 72% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -3.5% to +2.6%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Technology, The market was up +1.6%; Consumer Cyclical was up +2.6%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -3.5%, the worst performer.

● Moderna (MRNA) jumped +12.7% (+$14.16), closed at $125.62, the best % gain in more than 2 months, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=MRNA

● JD.com Inc Adr (JD) spiked +11.6% (+$3.4), closed at $32.67, the best % gain in nearly 2 months, also hit a YTD high.
360miq.com/stockinfo?code=JD

● Pinduoduo (PDD) jumped +10.5% (+$13.08) after a 3-day losing streak, closed at $137.57, the best % gain in 5 months, also a 66-day high.
360miq.com/stockinfo?code=PDD

● Qualcomm Incorporated (QCOM) soared +9.8% (+$16.05), closed at $180.16, the best % gain in nearly 2.5 years, also hit a record high, crossed above MA20 and MA50 ($167.66, $166.84).
360miq.com/stockinfo?code=QCOM

● DoorDash Inc. Class A (DASH) tumbled -10.3% (-$13.19), closed at $114.27, fell 3 days in a row, the worst % loss in more than 23 months, also a 59-day low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=DASH

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

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