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Nasdaq Market Update 2024-05-08

360MiQ 0

Nasdaq 100 slightly fell -0.03% (-5.99 pts), closed at 18085 points.

Among the 150 largest-cap stocks, 61 (41%) closed higher, 51 of them rose with a lower volume. 44% of all Nasdaq stocks ended higher.

In terms of sectors, 2 sectors closed up, 8 sectors closed down, 2 sectors remained unchanged, ranging from -1.4% to +1.2%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.2%; Utilities was up +1.2%, the best performer, reflecting a more conservative market sentiment; Real Estate was down -1.4%, the worst performer.

● Datadog (DDOG) largely rebounded +4.3% (+$4.88), closed at $117.28. The best performer but with average volume.
360miq.com/stockinfo?code=DDOG

● Charter Communications (CHTR) rebounded +1.7% (+$4.68), closed at $272.675, a 21-day high. The largest increase in volume.
360miq.com/stockinfo?code=CHTR

● Constellation Energy Corp (CEG) largely rose +3.8% (+$7.54), closed at $208.1, rose 5 days in a row, hit a record high.
360miq.com/stockinfo?code=CEG

● Align Technology (ALGN) tumbled -4.5% (-$13.01), closed at $273.51, fell 3 days in a row, a 66-day low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=ALGN

● Applovin Corp (APP) largely fell -4% (-$3.05) after a 4-day winning streak, closed at $74.04.
360miq.com/stockinfo?code=APP

● Trade Desk (TTD) largely fell -4% (-$3.62), closed at $86.02.
360miq.com/stockinfo?code=TTD

● Electronic Arts (EA) largely fell -3.9% (-$5.015), closed at $125.225, the worst % loss in 9 months, also hit a YTD low, crossed below MA20 ($127.72).
360miq.com/stockinfo?code=EA

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

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