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Nasdaq Market Update 2023-02-28

360MiQ 0

Nasdaq 100 slightly fell -0.1% (-15.9 pts), closed at 12042 points, fell -0.5% (-60 pts) for the month.

Among the 150 largest-cap stocks, 62 (41%) closed higher. 52% of all Nasdaq stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -2.3% to 1.5%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.1%; Basic Materials was up 1.5%, the best performer; Utilities was down -2.3%, the worst performer.

● Rivian Automotive (RIVN) surged 4.6% (+$0.85), closed at $19.3, fell -0.5% (-$0.1) for the month, crossed above MA50 ($18.83). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=RIVN

● Steel Dynamics (STLD) largely rose 3.9% (+$4.77), closed at $126.11, the best % gain in 1 month, rose 4.5% (+$5.47) for the month, crossed above MA20 ($123.43).
360miq.com/stockinfo?code=STLD

● BeiGene (BGNE) largely rose 4.1% (+$8.75), closed at $224.78, the best % gain in nearly 2 months, fell -12.2% (-$31.22) for the month.
360miq.com/stockinfo?code=BGNE

● Meta Platforms (META) largely rose 3.2% (+$5.4), closed at $174.94, rose 17.4% (+$25.97) for the month, is testing MA20 ($175.1).
360miq.com/stockinfo?code=META

● Constellation Energy Corp (CEG) tanked -4.5% (-$3.49), closed at $74.88, hit a YTD low, fell -12.3% (-$10.48) for the month, crossed below MA200 ($78.19). The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=CEG

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

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