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Nasdaq Market Update 2024-05-24

360MiQ 0

Nasdaq 100 rose +1% (+185 pts), closed at 18808 points, hit a record high, rose +1.4% (+262 pts) for the week, rose 5 weeks in a row.

Among the 150 largest-cap stocks, 111 (74%) closed higher. 64% of all Nasdaq stocks ended higher.

In terms of sectors, all sectors were up with gains from +0.2% to +1.3%. 3 sectors outperformed the market. The market was up +1.1%; Financial, Technology were up +1.3%, the best performers; Real Estate, Healthcare were up +0.2%, but already the worst performers.

● First Solar (FSLR) spiked +10.8% (+$26.88), closed at $276.695, hit a record high, rose +40% (+$79.1) for the week, rose 2 weeks in a row. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=FSLR

● Ross Stores (ROST) jumped +7.8% (+$10.27), closed at $142.13, the best % gain in 1.5 years, also a 37-day high, rose +7.4% (+$9.8) for the week, crossed above MA20 and MA50 ($132.38, $136.81).
360miq.com/stockinfo?code=ROST

● Workday (WDAY) sank -15.3% (-$39.96), closed at $220.94, the worst % loss in more than 99 months, also hit a YTD low, fell -14.3% (-$36.99) for the week, crossed below MA20, MA50 and MA200 ($250.31, $259.85, $255.49). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=WDAY

● Intuit (INTU) plunged -8.3% (-$55.07), closed at $607.19, the worst % loss in more than 2 years, also a 24-day low, fell -8.2% (-$53.99) for the week after a 2-week winning streak, crossed below MA20 and MA50 ($639.99, $633.82).
360miq.com/stockinfo?code=INTU

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

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