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Nasdaq Market Update 2022-05-04

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Nasdaq 100 soared 3.4% (+446 pts), closed at 13536 points, rose 3 days in a row.

Among the 150 largest-cap stocks, 140 (93%) closed higher. 73% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from 1.4% to 4.3%. 3 sectors outperformed the market. The market was up 3.2%; Energy was up 4.3%, the best performer; Healthcare was up 1.4%, but already the worst performer.

● Enphase Energy (ENPH) soared 10% (+$17.43), closed at $191.96, rose 3 days in a row, the best % gain in nearly 2 months, crossed above MA20, MA50 and MA200 ($178.79, $178.75, $179.88). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=ENPH

● Starbucks (SBUX) largely rebounded 9.8% (+$7.3), closed at $81.63, the best % gain in more than 25 months, crossed above MA20 ($78.88).
360miq.com/stockinfo?code=SBUX

● Advanced Micro Devices (AMD) soared 9.2% (+$8.37), closed at $99.5, rose 3 days in a row, the best % gain in nearly 6 months, crossed above MA20 ($93.54).
360miq.com/stockinfo?code=AMD

● Airbnb (ABNB) largely rebounded 7.8% (+$11.36) after a 3-day losing streak, closed at $156.2, the best % gain in more than 1 month.
360miq.com/stockinfo?code=ABNB

● IDEXX Laboratories (IDXX) sank -5.7% (-$24.87), closed at $411.09, hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=IDXX

● Skyworks Solutions (SWKS) plummeted -5.1% (-$6.04), closed at $113.43, the worst % loss in more than 1 month, crossed below MA20 ($118.56). The largest increase in volume.
360miq.com/stockinfo?code=SWKS

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

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