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Nasdaq Market Update 2022-11-04

360MiQ 0

Nasdaq 100 largely rebounded 1.6% (+166 pts) after a 4-day losing streak, closed at 10857 points, fell -6% (-689 pts) for the week after a 2-week winning streak.

Among the 150 largest-cap stocks, 110 (73%) closed higher. 59% of all Nasdaq stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.7% to 5.5%. 5 sectors outperformed the market. The market was up 1.5%; Basic Materials was up 5.5%, the best performer; Utilities was up 0.7%, but already the worst performer.

● Insulet (PODD) largely rebounded 22.5% (+$57.52), closed at $312.87, hit a YTD high, rose 22.4% (+$57.32) for the week, rose 3 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=PODD

● Starbucks (SBUX) soared 8.5% (+$7.18), closed at $91.86, the best % gain in 6 months, also a 33-day high, rose 5.5% (+$4.76) for the week, crossed above MA20 and MA50 ($86.94, $87.1).
360miq.com/stockinfo?code=SBUX

● Monster Beverage Corp (MNST) jumped 7.5% (+$6.84), closed at $97.93, the best % gain in more than 2.5 years, also a 67-day high, rose 4.7% (+$4.39) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=MNST

● Atlassian Corp (TEAM) tumbled -29% (-$50.54), closed at $123.63, hit a YTD low, fell -38.4% (-$77.19) for the week after a 2-week winning streak. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=TEAM

● Crowdstrike (CRWD) plummeted -9.9% (-$13.99), closed at $127.54, fell 6 days in a row, the worst % loss in nearly 6 months, also hit a YTD low, fell -22.1% (-$36.11) for the week after a 2-week winning streak.
360miq.com/stockinfo?code=CRWD

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

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