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Nasdaq Market Update 2022-05-17

360MiQ 0

Nasdaq 100 largely rebounded 2.6% (+320 pts), closed at 12564 points.

Among the 150 largest-cap stocks, 136 (91%) closed higher. 81% of all Nasdaq stocks ended higher, the most in more than 3 months, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.6% to 4%. 4 sectors outperformed the market. The market was up 2.7%; Consumer Cyclical was up 4%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive was down -0.6%, the worst performer.

● JD.com (JD) largely rose 4.2% (+$2.14), closed at $53.67. The largest increase in volume.
360miq.com/stockinfo?code=JD

● Paramount Global (PARA) largely rebounded 15.3% (+$4.29), closed at $32.31, the best % gain in more than 25 months, crossed above MA20 ($29.47). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=PARA

● Dollar Tree (DLTR) largely retreated -3.2% (-$5.14) after a 3-day winning streak, closed at $156.31, the worst % loss in 4 months, crossed below MA50 ($160.5). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=DLTR

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

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