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Nasdaq Market Update 2024-07-17

360MiQ 0

Nasdaq 100 tumbled -2.9% (-600 pts) after a 3-day winning streak, closed at 19799 points, the worst % loss in 19 months, crossed below MA20 (20043 pts).

Among the 150 largest-cap stocks, 47 (31%) closed higher. 37% of all Nasdaq stocks ended higher.

In terms of sectors, 3 sectors closed up, 8 sectors closed down, 1 sector remained unchanged, ranging from -4% to +0.8%. 9 sectors outperformed the market. Dragging by Technology and Consumer Cyclical, The market was down -2.6%; Consumer Defensive was up +0.8%, the best performer, reflecting a more conservative market sentiment; Technology was down -4%, the worst performer.

● Globalfoundries (GFS) jumped +6.8% (+$3.7), closed at $58.115, the best % gain in more than 2 months, also a 118-day high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=GFS

● ASML Holding NV ADR (ASML) plummeted -12.7% (-$135.56), closed at $932.63, the worst % loss in nearly 52 months, also a 36-day low, crossed below MA20 and MA50 ($1045.86, $999.68). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=ASML

● KLA-Tencor (KLAC) largely retreated -9.9% (-$85.51) after a 3-day winning streak, closed at $781.67, the worst % loss in nearly 52 months, also a 25-day low, crossed below MA20 and MA50 ($840.05, $795.52).
360miq.com/stockinfo?code=KLAC

● Constellation Energy Corp (CEG) plunged -8.9% (-$18.2), closed at $186.68, fell 3 days in a row, a 50-day low.
360miq.com/stockinfo?code=CEG

● Entegris (ENTG) tumbled -8.7% (-$12.715) after a 3-day winning streak, closed at $133.765, the worst % loss in nearly 20 months, crossed below MA20 and MA50 ($137.98, $133.92).
360miq.com/stockinfo?code=ENTG

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

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