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Nasdaq Market Update 2024-08-23

360MiQ 0

Nasdaq 100 rebounded +1.2% (+229 pts), closed at 19721 points, rose +1.1% (+212 pts) for the week, rose 3 weeks in a row, crossed above MA50 (19502 pts).

Among the 150 largest-cap stocks, 122 (81%) closed higher. 81% of all Nasdaq stocks ended higher, the most in 2 years, good for the market.

In terms of sectors, all sectors were up with gains from +0.4% to +2%. 5 sectors outperformed the market. The market was up +1.4%; Financial was up +2%, the best performer; Utilities, Consumer Defensive were up +0.4%, but already the worst performers.

● Workday (WDAY) soared +12.3% (+$28.48), closed at $259.98, the best % gain in more than 20 months, also a 62-day high, rose +12.2% (+$28.24) for the week, rose 2 weeks in a row, crossed above MA200 ($253.99). The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=WDAY

● Intuit (INTU) tanked -6.6% (-$44.105), closed at $619.77, the worst % loss in nearly 3 months, fell -5.2% (-$33.76) for the week after a 2-week winning streak, crossed below MA20, MA50 and MA200 ($638.13, $637.35, $620.92). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=INTU

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

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