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Nasdaq Market Update 2022-07-06

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Nasdaq 100 rose 0.6% (+72.6 pts), closed at 11853 points, rose 3 days in a row, crossed above MA20 (11746 pts).

Among the 150 largest-cap stocks, 74 (49%) closed higher. Despite Nasdaq 100 rising 0.6%, only 41% of all Nasdaq stocks follow suit.

In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -2.5% to 1%. 5 sectors outperformed the market. The market was up 0.2%; Utilities was up 1%, the best performer; Energy was down -2.5%, the worst performer.

● Rivian Automotive (RIVN) jumped 10.5% (+$2.81), closed at $29.67, crossed above MA20 and MA50 ($27.94, $28.49). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=RIVN

● Pinduoduo (PDD) largely retreated -7.4% (-$4.94), closed at $61.68, crossed below MA20 ($61.77). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=PDD

● BeiGene (BGNE) largely retreated -6.9% (-$13.41), closed at $181.07.
360miq.com/stockinfo?code=BGNE

● Gitlab (GTLB) largely retreated -5.2% (-$3.05), closed at $56.1.
360miq.com/stockinfo?code=GTLB

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

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