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Nasdaq Market Update 2024-05-23

360MiQ 0

Nasdaq 100 fell -0.4% (-81.6 pts), closed at 18623 points.

Among the 150 largest-cap stocks, 27 (18%) closed higher. Only 20% of all Nasdaq stocks ended higher, the least in more than 3 months.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -1.6% to +0.6%. only 1 sector outperformed the market, the market internal was more negative. The market was down -0.5%; Technology was up +0.6%, the best performer; Utilities, Healthcare were down -1.6%, the worst performers.

● NVIDIA (NVDA) jumped +9.3% (+$88.26), closed at $1037.76, the best % gain in nearly 3 months, also hit a record high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=NVDA

● Globalfoundries (GFS) tanked -8.8% (-$4.84) after a 3-day winning streak, closed at $50.37, the worst % loss in more than 1 year, crossed below MA20, MA50 and MA200 ($51.64, $50.69, $54.45). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=GFS

● Liberty Media Corporation Series A Liberty Live (LLYVA) plunged -8.1% (-$3.21), closed at $36.61, the worst % loss in 1 month, crossed below MA20 and MA50 ($37.8, $39.05).
360miq.com/stockinfo?code=LLYVA

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

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