Nasdaq 100 rose +1.3% (+269 pts), closed at 21567 points, crossed above MA20 and MA50 (21351 pts, 21325 pts).
Among the 150 largest-cap stocks, 89 (59%) closed higher. 70% of all Nasdaq stocks ended higher, good for the market.
In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.6% to +2.4%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Communication, The market was up +1.4%; Consumer Cyclical was up +2.4%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive was down -0.6%, the worst performer.
● PDD (PDD) largely rebounded +8.4% (+$8.81), closed at $114.05, the best % gain in nearly 2 months. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=PDD
● PayPal (PYPL) plummeted -13.2% (-$11.785), closed at $77.725, the worst % loss in 3 years, also hit a YTD low, crossed below MA20 and MA50 ($88.07, $87.84). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=PYPL
360miq.com/market?data=NASDAQ#tab-3
