Nasdaq 100 rose +1.2% (+263 pts), closed at 21492 points, rose 4 days in a row, hit a record high.
Among the 150 largest-cap stocks, 94 (63%) closed higher. 56% of all Nasdaq stocks ended higher.
In terms of sectors, 8 sectors closed up, 2 sectors closed down, 2 sectors remained unchanged, ranging from -1.8% to +1.7%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Technology, The market was up +1.3%; Consumer Cyclical, Technology were up +1.7%, the best performers, reflecting an increasing risk appetite; Energy was down -1.8%, the worst performer.
● Marvell Technology Group (MRVL) jumped +23.2% (+$22.24), closed at $118.15, the best % gain in more than 1.5 years, also hit a record high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=MRVL
● Atlassian Corp (TEAM) soared +7.1% (+$19.14), closed at $287.5, rose 9 days in a row, the best % gain in 1 month, also hit a YTD high.
360miq.com/stockinfo?code=TEAM
● Datadog (DDOG) jumped +7% (+$10.87), closed at $165.88, rose 4 days in a row, hit a YTD high.
360miq.com/stockinfo?code=DDOG
● Microchip Technology (MCHP) plunged -5.7% (-$3.75), closed at $61.64, hit a YTD low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MCHP
● ON Semiconductor (ON) sank -5.5% (-$3.84), closed at $65.97, crossed below MA20 ($69.41).
360miq.com/stockinfo?code=ON
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