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Nasdaq Market Update 2024-08-19

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Nasdaq 100 rose +1.3% (+257 pts), closed at 19766 points, rose 8 days in a row.

Among the 150 largest-cap stocks, 133 (89%) closed higher. 72% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +0.4% to +1.7%. 3 sectors outperformed the market. The market was up +1.4%; Communication, Healthcare were up +1.7%, the best performers, reflecting a more aggressive market sentiment; Basic Materials was up +0.4%, but already the worst performer.

● Starbucks (SBUX) largely fell -2.6% (-$2.51), closed at $92.3. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=SBUX

● Palo Alto Networks (PANW) largely rebounded +2.8% (+$9.25), closed at $343.36, a 124-day high. The largest increase in volume.
360miq.com/stockinfo?code=PANW

● BioNTech SE (BNTX) largely rebounded +5.6% (+$4.74), closed at $89.93, the best % gain in more than 2 months, also a 43-day high, crossed above MA50 ($85.16). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=BNTX

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