Nasdaq 100 rose 1.1% (+120 pts), closed at 11430 points.
Among the 150 largest-cap stocks, 108 (72%) closed higher. 50% of all Nasdaq stocks ended higher.
In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -1.4% to 2.8%. 3 sectors outperformed the market. The market was up 0.8%; Consumer Defensive was up 2.8%, the best performer, reflecting a more risk-averse market; Consumer Cyclical was down -1.4%, the worst performer.
● Globalfoundries (GFS) surged 6.3% (+$3.49), closed at $58.77, rose 6 days in a row, the best % gain in nearly 2 months, also a 29-day high, crossed above MA50 ($56.18). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=GFS
● Pinduoduo (PDD) largely retreated -24.5% (-$14.46), closed at $44.51, a 102-day low, crossed below MA200 ($52.68). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=PDD
● JD.com Inc Adr (JD) plunged -13% (-$5.49), closed at $36.66, the worst % loss in more than 7 months, also hit a YTD low.
360miq.com/stockinfo?code=JD
● Baidu (BIDU) tanked -12.5% (-$11.43), closed at $79.8, the worst % loss in nearly 19 months, also hit a record low.
360miq.com/stockinfo?code=BIDU
● NetEase (NTES) sank -9.9% (-$6.17), closed at $56.26, fell 5 days in a row, the worst % loss in more than 14 months, also hit a YTD low.
360miq.com/stockinfo?code=NTES
360miq.com/market?data=NASDAQ#tab-3
