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Nasdaq Market Update 2022-12-29

360MiQ 0

Nasdaq 100 largely rebounded 2.5% (+272 pts), closed at 10951 points.

Among the 150 largest-cap stocks, 143 (95%) closed higher. 85% of all Nasdaq stocks ended higher, the most in 2 years, good for the market.

In terms of sectors, all sectors were up with gains from 0.5% to 3.3%. 3 sectors outperformed the market. The market was up 2.5%; Consumer Cyclical was up 3.3%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive was up 0.5%, but already the worst performer.

● Tesla (TSLA) jumped 8.1% (+$9.11), closed at $121.82, the best % gain in more than 5 months. The best performer but with average volume.
360miq.com/stockinfo?code=TSLA

● Cognizant Technology Solutions Corp Class A (CTSH) largely rebounded 2.8% (+$1.55), closed at $57.13. The largest increase in volume.
360miq.com/stockinfo?code=CTSH

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