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Nasdaq Market Update 2024-07-16

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Nasdaq 100 slightly rose +0.06% (+11.6 pts), closed at 20399 points, rose 3 days in a row.

Among the 150 largest-cap stocks, 117 (78%) closed higher. 80% of all Nasdaq stocks ended higher, the most in more than 1.5 years, good for the market.

In terms of sectors, 9 sectors closed up, 2 sectors closed down, 1 sector remained unchanged, ranging from -0.9% to +2.3%. 8 sectors outperformed the market, the market internal was more positive. The market was up +0.1%; Industrials was up +2.3%, the best performer; Communication was down -0.9%, the worst performer.

● Liberty Media Corporation Series A Liberty Formula One (FWONA) rose +2.4% (+$1.66), closed at $71.83, rose 5 days in a row, hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=FWONA

● Warner Bros Discovery (WBD) soared +7.4% (+$0.55), closed at $7.97, rose 4 days in a row, the best % gain in more than 7 months, also a 22-day high, crossed above MA50 ($7.72).
360miq.com/stockinfo?code=WBD

● Illumina (ILMN) spiked +7.5% (+$8.69), closed at $125.25, the best % gain in nearly 7 months, also a 64-day high, crossed above MA200 ($119.9). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=ILMN

● Constellation Energy Corp (CEG) largely fell -3.8% (-$8), closed at $204.88. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=CEG

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

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