Nasdaq 100 rose +1% (+197 pts), closed at 20548 points, a 77-day high.
Among the 150 largest-cap stocks, 84 (56%) closed higher. Despite Nasdaq 100 rising 1%, only 46% of all Nasdaq stocks rose with the index.
In terms of sectors, 4 sectors closed up, 8 sectors closed down, the market internal was more negative, ranging from -1.4% to +1.7%. only 2 sectors outperformed the market. The market was up +0.8%; Communication was up +1.7%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -1.4%, the worst performer.
● Cadence Design Systems (CDNS) largely rebounded +12.5% (+$31.68), closed at $284.45, the best % gain in 55 months, also a 47-day high, crossed above MA20 and MA50 ($265.64, $267.15). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=CDNS
● Check Point Software Technologies (CHKP) plummeted -14.5% (-$30.09) after a 3-day winning streak, closed at $177.87, a 58-day low, crossed below MA20 and MA50 ($201.89, $195.44). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=CHKP
360miq.com/market?data=NASDAQ#tab-3
