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Nasdaq Market Update 2023-01-11

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Nasdaq 100 largely rose 1.8% (+197 pts), closed at 11403 points, rose 4 days in a row, crossed above MA50 (11359 pts).

Among the 150 largest-cap stocks, 115 (77%) closed higher. 70% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 3.2%. 5 sectors outperformed the market. The market was up 1.7%; Consumer Cyclical was up 3.2%, the best performer, reflecting an increasing risk appetite; Healthcare remained unchanged, but already the worst performer.

● Atlassian Corp (TEAM) jumped 7.2% (+$9.56), closed at $141.725, rose 4 days in a row, the best % gain in 1 month, crossed above MA20 and MA50 ($133.01, $135.3). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=TEAM

● Airbnb Inc (ABNB) jumped 6.7% (+$5.9), closed at $94.44, the best % gain in more than 1 month, crossed above MA50 ($94.4).
360miq.com/stockinfo?code=ABNB

● Amazon.com (AMZN) surged 5.8% (+$5.19), closed at $95.08, rose 4 days in a row, the best % gain in 2 months, also a 26-day high, crossed above MA50 ($90.69).
360miq.com/stockinfo?code=AMZN

● Genmab AS (GMAB) largely retreated -6.8% (-$2.92), closed at $40.3, the worst % loss in 8 months, also a 42-day low, crossed below MA50 ($43.2). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=GMAB

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

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