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Nasdaq Market Update 2022-03-28

360MiQ 0

Nasdaq 100 largely rose 1.6% (+233 pts), closed at 14987 points, a 31-day high.

Among the 150 largest-cap stocks, 119 (79%) closed higher. Despite Nasdaq 100 rising 1.6%, only 45% of all Nasdaq stocks follow suit.

In terms of sectors, 9 sectors closed up, 2 sectors closed down, 1 sector remained unchanged, ranging from -3.7% to 3.3%. 4 sectors outperformed the market. The market was up 1.1%; Consumer Cyclical was up 3.3%, the best performer, reflecting an increasing risk appetite; Energy was down -3.7%, the worst performer.

● Okta (OKTA) largely rebounded 8.6% (+$11.83) after a 5-day losing streak, closed at $149.94, the best % gain in 1 month. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=OKTA

● GlobalFoundries (GFS) largely retreated -6.3% (-$4.99), closed at $73.95. The worst performer but with average volume.
360miq.com/stockinfo?code=GFS

● Genmab A/S (GMAB) rose 2.5% (+$0.88), closed at $36.02. The largest increase in volume.
360miq.com/stockinfo?code=GMAB

● Tesla (TSLA) soared 8.1% (+$81.5), closed at $1092.14, the best % gain in nearly 2 months, also a 50-day high.
360miq.com/stockinfo?code=TSLA

● Coinbase Global (COIN) largely rebounded 7.9% (+$14.71), closed at $201.42, a 26-day high, crossed above MA50 ($187.93).
360miq.com/stockinfo?code=COIN

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