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Nasdaq Market Update 2022-10-17

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Nasdaq 100 largely rebounded 3.5% (+371 pts), closed at 11063 points, the best % gain in more than 2 months.

Among the 150 largest-cap stocks, 140 (93%) closed higher. 80% of all Nasdaq stocks ended higher, the most in more than 4 months, good for the market.

In terms of sectors, all sectors were up with gains from 1.6% to 5.6%. only 1 sector outperformed the market. Boosting by Consumer Cyclical, The market was up 3.4%; Consumer Cyclical was up 5.6%, the best performer; Consumer Defensive was up 1.6%, but already the worst performer.

● MercadoLibre (MELI) largely rebounded 12.3% (+$92.96), closed at $849.84, the best % gain in more than 2 months. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=MELI

● Fox Corp Class B (FOX) plunged -8.1% (-$2.355), closed at $26.805, the worst % loss in more than 29 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=FOX

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

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