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Nasdaq Market Update 2024-07-10

360MiQ 0

Nasdaq 100 rose +1.1% (+222 pts), closed at 20675 points, rose 7 days in a row, hit a record high.

Among the 150 largest-cap stocks, 110 (73%) closed higher. 64% of all Nasdaq stocks ended higher.

In terms of sectors, all sectors were up with gains from +0.2% to +1.7%. only 2 sectors outperformed the market. Boosting by Technology and Healthcare, The market was up +1.2%; Technology was up +1.7%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive, Consumer Cyclical were up +0.2%, but already the worst performers.

● Arch Capital Group (ACGLO) rose +1.9% (+$0.42), closed at $22.71, the best % gain in nearly 7 months, also a 43-day high. The largest increase in volume.
360miq.com/stockinfo?code=ACGLO

● Illumina (ILMN) largely rebounded +6.1% (+$6.47), closed at $113.14, the best % gain in 1 month, also a 43-day high, crossed above MA50 ($107.72). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=ILMN

● Trip.com Group Ltd ADR (TCOM) largely retreated -3.8% (-$1.95), closed at $48.98, the worst % loss in more than 1 month, crossed below MA20 ($49.3). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=TCOM

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

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