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Nasdaq Market Update 2022-01-31

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Nasdaq 100 jumped 3.3% (+475 pts), closed at 14930 points, the best % gain in nearly 11 months, fell -8.5% (-1390 pts) for the month.

Among the 150 largest-cap stocks, 132 (88%) closed higher. 86% of all Nasdaq stocks ended higher, the most in 22 months, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to 5.8%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Technology, The market was up 3.2%; Consumer Cyclical was up 5.8%, the best performer, reflecting a more aggressive market sentiment; Energy was down -0.1%, but already the worst performer.

● Rivian Automotive Inc. Class A (RIVN) jumped 15.1% (+$8.61), closed at $65.73, the best % gain in more than 2 months, fell -36.6% (-$37.96) for the month. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=RIVN

● BeiGene (BGNE) surged 13.9% (+$29.6), closed at $242.53, the best % gain in 6 months, fell -10.5% (-$28.4) for the month, crossed above MA20 ($237.1).
360miq.com/stockinfo?code=BGNE

● Pinduoduo (PDD) soared 12.9% (+$6.83), closed at $59.88, the best % gain in 5 months, rose 2.7% (+$1.58) for the month, crossed above MA20 ($57.51).
360miq.com/stockinfo?code=PDD

● Regeneron Pharmaceuticals (REGN) largely retreated -2.7% (-$16.77) after a 3-day winning streak, closed at $608.15, fell -3.7% (-$23.37) for the month, crossed below MA20 ($614.41). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=REGN

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

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