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Nasdaq Market Update 2024-05-16

360MiQ 0

Nasdaq 100 slightly retreated -0.2% (-39 pts) after a 5-day winning streak, closed at 18558 points.

Among the 150 largest-cap stocks, 71 (47%) closed higher. 47% of all Nasdaq stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -0.8% to +0.9%. only 2 sectors outperformed the market, the market internal was more negative. The market was down -0.2%; Consumer Defensive was up +0.9%, the best performer, reflecting a decreasing risk appetite; Utilities was down -0.8%, the worst performer.

● NetEase (NTES) soared +5.5% (+$5.45), closed at $104.21, the best % gain in more than 3 months, also a 37-day high, crossed above MA50 and MA200 ($99.52, $101.45). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=NTES

● Coinbase Global (COIN) largely retreated -9.5% (-$20.81), closed at $199.1, the worst % loss in more than 4 months, also a 56-day low, crossed below MA20 ($216.36). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=COIN

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

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