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Nasdaq Market Update 2024-06-05

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Nasdaq 100 largely rose +2% (+380 pts), closed at 19035 points, rose 3 days in a row, the best % gain in more than 3 months, also hit a record high.

Among the 150 largest-cap stocks, 109 (73%) closed higher. 66% of all Nasdaq stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.3% to +3%. only 1 sector outperformed the market. Boosting by Technology, The market was up +1.9%; Technology was up +3%, the best performer, reflecting a more aggressive market sentiment; Real Estate was down -0.3%, but already the worst performer.

● Trip.com Group Ltd ADR (TCOM) largely rebounded +3% (+$1.49), closed at $51.65, the best % gain in 1 month, crossed above MA50 ($50.85). The largest increase in volume.
360miq.com/stockinfo?code=TCOM

● Crowdstrike (CRWD) jumped +12% (+$36.78) after a 4-day losing streak, closed at $342.36, the best % gain in nearly 27 months, crossed above MA20 and MA50 ($332.46, $317.27). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=CRWD

● ASML Holding NV ADR (ASML) largely rebounded +9.5% (+$90.11), closed at $1040.92, the best % gain in nearly 19 months, also a 61-day high.
360miq.com/stockinfo?code=ASML

● Dollar Tree (DLTR) tumbled -4.9% (-$5.9), closed at $114.4, the worst % loss in nearly 3 months, crossed below MA20 ($117.22). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=DLTR

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

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