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Nasdaq Market Update 2023-02-17

360MiQ 0

Nasdaq 100 fell -0.7% (-83.8 pts), closed at 12358 points, rose 0.4% (+53 pts) for the week, is testing MA20 (12323 pts).

Among the 150 largest-cap stocks, 58 (39%) closed higher. Despite Nasdaq 100 falling -0.7%, 52% of all Nasdaq stocks rose against the index.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -4.1% to 0.9%. 6 sectors outperformed the market. The market was down -0.6%; Utilities was up 0.9%, the best performer, reflecting a more risk-averse market; Energy was down -4.1%, the worst performer.

● Tesla (TSLA) largely rebounded 3.2% (+$6.37), closed at $208.41, rose 5.9% (+$11.52) for the week, rose 6 weeks in a row. The best performer today but with average volume.
360miq.com/stockinfo?code=TSLA

● Airbnb Inc (ABNB) largely retreated -5.6% (-$7.83) after a 4-day winning streak, closed at $131.59, the worst % loss in more than 3 months, rose 20.9% (+$22.72) for the week. The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=ABNB

● Baker Hughes Co (BKR) sank -5.2% (-$1.665), closed at $30.595, the worst % loss in more than 4 months, fell -7.1% (-$2.325) for the week after a 3-week winning streak, crossed below MA20 ($31.64).
360miq.com/stockinfo?code=BKR

● Diamondback Energy (FANG) tanked -5% (-$7.15), closed at $134.61, fell 3 days in a row, the worst % loss in nearly 5 months, also a 29-day low, fell -9.8% (-$14.68) for the week, crossed below MA50 and MA200 ($140.48, $134.9).
360miq.com/stockinfo?code=FANG

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

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