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Nasdaq Market Update 2024-09-19

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Nasdaq 100 soared +2.6% (+496 pts), closed at 19840 points, the best % gain in more than 1 month, also a 45-day high.

Among the 150 largest-cap stocks, 123 (82%) closed higher. 74% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +0.3% to +3.1%. only 2 sectors outperformed the market. Boosting by Technology and Consumer Cyclical, The market was up +2.4%; Technology was up +3.1%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive was up +0.3%, but already the worst performer.

● BioNTech SE (BNTX) largely fell -2.7% (-$3.11), closed at $112.51. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=BNTX

● Analog Devices (ADI) largely rebounded +4.9% (+$10.81), closed at $233.45, the best % gain in more than 1 month, crossed above MA20 and MA50 ($224.08, $223.36). The largest increase in volume.
360miq.com/stockinfo?code=ADI

● MicroStrategy Incorporated (MSTR) spiked +9% (+$11.99), closed at $144.66, crossed above MA50 ($142.43). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=MSTR

● Tesla (TSLA) soared +7.4% (+$16.72), closed at $243.92, the best % gain in more than 2 months, also a 40-day high.
360miq.com/stockinfo?code=TSLA

● Charter Communications (CHTR) fell -2.4% (-$8.3), closed at $331.34.
360miq.com/stockinfo?code=CHTR

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

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