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Nasdaq Market Update 2024-05-06

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Nasdaq 100 rose +1.1% (+203 pts), closed at 18094 points, rose 3 days in a row, crossed above MA50 (17930 pts).

Among the 150 largest-cap stocks, 110 (73%) closed higher, 92 of them rose with a lower volume. 67% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to +1.5%. only 2 sectors outperformed the market. Boosting by Technology and Consumer Cyclical, The market was up +1.1%; Technology was up +1.5%, the best performer; Healthcare was down -0.1%, but already the worst performer.

● Super Micro Computer (SMCI) surged +6.1% (+$48.13), closed at $830.83, rose 3 days in a row. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=SMCI

● Amgen (AMGN) largely retreated -3.8% (-$11.88) after a 3-day winning streak, closed at $299.41, the worst % loss in nearly 3 months. The worst performer but with average volume.
360miq.com/stockinfo?code=AMGN

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

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