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Nasdaq Market Update 2023-05-11

360MiQ 0

Nasdaq 100 slightly rose 0.3% (+41.8 pts), closed at 13390 points, hit a YTD high.

Among the 150 largest-cap stocks, 66 (44%) closed higher. 35% of all Nasdaq stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, the market internal was more negative, ranging from -1.6% to 2.8%. only 2 sectors outperformed the market. The market was up 0.4%; Communication was up 2.8%, the best performer, reflecting an increasing risk appetite; Energy was down -1.6%, the worst performer.

● Warner Bros Discovery (WBD) plunged -5.1% (-$0.665), closed at $12.375, fell 3 days in a row. The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=WBD

● JD.com Inc Adr (JD) largely rebounded 7.2% (+$2.53), closed at $37.63, the best % gain in more than 1 month, crossed above MA20 ($35.75). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=JD

● Pinduoduo (PDD) spiked 7% (+$4.27) after a 4-day losing streak, closed at $65.15, the best % gain in more than 3 months.
360miq.com/stockinfo?code=PDD

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

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