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Nasdaq Market Update 2023-04-13

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Nasdaq 100 largely rose 2% (+261 pts) after a 3-day losing streak, closed at 13109 points.

Among the 150 largest-cap stocks, 132 (88%) closed higher. 73% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to 2.9%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Communication, The market was up 2%; Consumer Cyclical was up 2.9%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.1%, but already the worst performer.

● SolarEdge Technologies (SEDG) largely rebounded 7.7% (+$21.91), closed at $306.865, a 20-day high, crossed above MA20, MA50 and MA200 ($287.75, $304.27, $288.13). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=SEDG

● Enphase Energy (ENPH) jumped 7% (+$13.72), closed at $209.75, crossed above MA20 and MA50 ($199.24, $207.95).
360miq.com/stockinfo?code=ENPH

● Baidu (BIDU) largely fell -2.7% (-$3.62), closed at $132.78, fell 4 days in a row, a 22-day low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=BIDU

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

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