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Nasdaq Market Update 2023-01-06

360MiQ 0

Nasdaq 100 largely rebounded 2.8% (+299 pts), closed at 11040 points, the best % gain in 1 month, rose 0.9% (+100 pts) for the week after a 4-week losing streak.

Among the 150 largest-cap stocks, 136 (91%) closed higher. 75% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from 1.5% to 3.7%. 5 sectors outperformed the market. The market was up 2.4%; Basic Materials was up 3.7%, the best performer; Healthcare was up 1.5%, but already the worst performer.

● Biogen (BIIB) largely rose 2.8% (+$7.67), closed at $279.26, the best % gain in 1 month, rose 0.8% (+$2.34) for the week after a 5-week losing streak. The largest increase in volume today.
360miq.com/stockinfo?code=BIIB

● First Solar (FSLR) spiked 7.8% (+$11.32), closed at $156.78, the best % gain in 2 months, rose 4.7% (+$6.99) for the week, crossed above MA20 and MA50 ($153.23, $155.24). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=FSLR

● Costco Wholesale Corp (COST) largely rebounded 7.2% (+$32.45), closed at $482.64, the best % gain in more than 33 months, rose 5.7% (+$26.14) for the week, crossed above MA20 ($465.81).
360miq.com/stockinfo?code=COST

● IDEXX Laboratories (IDXX) soared 6.8% (+$28.58), closed at $447.78, the best % gain in nearly 2 months, also a 173-day high, rose 9.8% (+$39.82) for the week.
360miq.com/stockinfo?code=IDXX

● Old Dominion Freight Line (ODFL) largely rebounded 6.8% (+$19.21), closed at $300.69, the best % gain in nearly 2 months, rose 6% (+$16.91) for the week after a 2-week losing streak, crossed above MA20 and MA50 ($290.6, $290.04).
360miq.com/stockinfo?code=ODFL

● Li Auto Inc (LI) sank -9.2% (-$2.12) after a 5-day winning streak, closed at $20.92, rose 2.5% (+$0.52) for the week, rose 2 weeks in a row. The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=LI

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

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