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Nasdaq Market Update 2023-05-18

360MiQ 0

Nasdaq 100 largely rose 1.8% (+246 pts), closed at 13835 points, rose 4 days in a row, hit a YTD high.

Among the 150 largest-cap stocks, 104 (69%) closed higher. 54% of all Nasdaq stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.3% to 2.1%. 4 sectors outperformed the market. The market was up 1.4%; Technology was up 2.1%, the best performer, reflecting an increasing risk appetite; Healthcare was down -0.3%, but already the worst performer.

● Take-Two Interactive Software (TTWO) soared 11.6% (+$14.56), closed at $139.58, the best % gain in 1 year, also hit a YTD high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=TTWO

● Netflix (NFLX) surged 9.3% (+$31.48), closed at $371.44, the best % gain in nearly 7 months, also hit a YTD high.
360miq.com/stockinfo?code=NFLX

● Copart (CPRT) soared 7.8% (+$6.4), closed at $88.4, the best % gain in 6 months, also hit a record high.
360miq.com/stockinfo?code=CPRT

● Pinduoduo (PDD) plunged -7.3% (-$4.86), closed at $61.59, the worst % loss in nearly 2 months, crossed below MA20 ($64.82). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=PDD

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

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