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Nasdaq Market Update 2022-08-03

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Nasdaq 100 spiked 2.7% (+351 pts), closed at 13253 points, a 61-day high.

Among the 150 largest-cap stocks, 132 (88%) closed higher. 75% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 9 sectors closed up, 2 sectors closed down, 1 sector remained unchanged, ranging from -2.1% to 3%. only 2 sectors outperformed the market. Boosting by Technology and Consumer Cyclical, The market was up 2.5%; Technology was up 3%, the best performer, reflecting a more aggressive market sentiment; Energy was down -2.1%, the worst performer.

● Alnylam Pharmaceuticals (ALNY) soared 49.3% (+$69.98), closed at $211.95, the best % gain in more than 58 months, also hit a record high, crossed above MA20 and MA200 ($147.76, $156.59). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=ALNY

● Coinbase Global (COIN) spiked 20.2% (+$13.58), closed at $80.81, a 58-day high.
360miq.com/stockinfo?code=COIN

● Moderna (MRNA) surged 16% (+$25.72), closed at $186.53, the best % gain in 8 months, also a 91-day high, crossed above MA20 ($167.03).
360miq.com/stockinfo?code=MRNA

● PayPal (PYPL) jumped 9.2% (+$8.25), closed at $97.88, rose 4 days in a row, a 72-day high.
360miq.com/stockinfo?code=PYPL

● Match Group (MTCH) largely retreated -17.6% (-$13.485) after a 5-day winning streak, closed at $63.225, the worst % loss in nearly 51 months, also hit a YTD low, crossed below MA20 and MA50 ($70.68, $73.79). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=MTCH

● Hillman Solutions Corp (HLMN) tumbled -9.7% (-$0.99), closed at $9.26, crossed below MA20 and MA50 ($9.31, $9.9).
360miq.com/stockinfo?code=HLMN

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

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