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Nasdaq Market Update 2024-05-15

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Nasdaq 100 rose +1.5% (+274 pts), closed at 18597 points, rose 5 days in a row, hit a record high.

Among the 150 largest-cap stocks, 114 (76%) closed higher. 63% of all Nasdaq stocks ended higher.

In terms of sectors, 9 sectors closed up, 1 sector closed down, 2 sectors remained unchanged, ranging from -0.4% to +2.2%. only 1 sector outperformed the market. Boosting by Technology, The market was up +1.4%; Technology was up +2.2%, the best performer, reflecting a more aggressive market sentiment; Consumer Cyclical was down -0.4%, but already the worst performer.

● Warner Bros Discovery (WBD) largely retreated -4.3% (-$0.37) after a 5-day winning streak, closed at $8.19, crossed below MA50 ($8.38). The worst performer but with average volume.
360miq.com/stockinfo?code=WBD

● Sanofi ADR (SNY) fell -1% (-$0.5), closed at $49. The largest increase in volume.
360miq.com/stockinfo?code=SNY

● Super Micro Computer (SMCI) soared +15.8% (+$129.65), closed at $952.02, the best % gain in more than 2 months, crossed above MA50 ($929.08).
360miq.com/stockinfo?code=SMCI

● MicroStrategy Incorporated (MSTR) jumped +15.8% (+$204.79), closed at $1502.42, rose 3 days in a row, the best % gain in more than 1 month, also a 23-day high, crossed above MA50 ($1424.95). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=MSTR

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

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