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Nasdaq Market Update 2024-12-09

360MiQ 0

Nasdaq 100 fell -0.8% (-181 pts), closed at 21441 points.

Among the 150 largest-cap stocks, 60 (40%) closed higher. 48% of all Nasdaq stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -2% to +0.3%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.5%; Energy was up +0.3%, but already the best performer; Utilities was down -2%, the worst performer.

● Baidu (BIDU) spiked +7.6% (+$6.61), closed at $93.04, rose 3 days in a row, the best % gain in more than 2 months, also a 20-day high, crossed above MA50 ($92.62). The largest increase in volume.
360miq.com/stockinfo?code=BIDU

● JD.com Inc Adr (JD) spiked +11% (+$4.09), closed at $41.27, rose 3 days in a row, the best % gain in more than 2 months, also a 28-day high, crossed above MA50 ($39.38). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=JD

● NetEase (NTES) spiked +10.6% (+$9.67), closed at $100.96, the best % gain in nearly 33 months, also a 44-day high.
360miq.com/stockinfo?code=NTES

● PDD (PDD) jumped +10.5% (+$10.44), closed at $110.33, rose 4 days in a row, the best % gain in more than 2 months, crossed above MA20 ($106.35).
360miq.com/stockinfo?code=PDD

● Li Auto Inc (LI) soared +8% (+$1.78), closed at $24.1, the best % gain in more than 2 months, crossed above MA20 ($22.81).
360miq.com/stockinfo?code=LI

● Applovin Corp (APP) largely retreated -14.7% (-$58.96) after a 6-day winning streak, closed at $342.54, the worst % loss in nearly 28 months. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=APP

● Comcast Corp (CMCSA) tumbled -9.5% (-$4.1), closed at $39.05, a 57-day low, crossed below MA50 and MA200 ($42.39, $40.07).
360miq.com/stockinfo?code=CMCSA

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

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