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Nasdaq Market Update 2022-02-28

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Nasdaq 100 slightly rose 0.3% (+48.8 pts), closed at 14238 points, rose 3 days in a row, fell -4.6% (-692 pts) for the month.

Among the 150 largest-cap stocks, 67 (45%) closed higher. 49% of all Nasdaq stocks ended higher.

In terms of sectors, 7 sectors closed up, 4 sectors closed down, 1 sector remained unchanged, ranging from -1% to 3.7%. 5 sectors outperformed the market. The market was up 0.4%; Energy was up 3.7%, the best performer; Consumer Defensive was down -1%, the worst performer.

● Lucid Group (LCID) spiked 9.8% (+$2.58), closed at $28.93, rose 3 days in a row, the best % gain in more than 3 months, fell -1.6% (-$0.46) for the month, crossed above MA20 ($27.43). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=LCID

● Li Auto (LI) jumped 9.1% (+$2.53), closed at $30.42, the best % gain in more than 3 months, also a 27-day high, rose 16.6% (+$4.33) for the month, crossed above MA20, MA50 and MA200 ($28.46, $28.86, $29.38).
360miq.com/stockinfo?code=LI

● Enphase Energy (ENPH) surged 8.4% (+$12.93), closed at $166.66, rose 3 days in a row, a 36-day high, rose 18.6% (+$26.19) for the month, crossed above MA50 ($153.27).
360miq.com/stockinfo?code=ENPH

● Telefonaktiebolaget LM Ericsson (ERIC) largely retreated -8.4% (-$0.85), closed at $9.27, hit a YTD low, fell -25.1% (-$3.11) for the month. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=ERIC

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

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