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Nasdaq Market Update 2023-05-31

360MiQ 0

Nasdaq 100 fell -0.7% (-101 pts) after a 3-day winning streak, closed at 14254 points, rose 7.6% (+1008 pts) for the month.

Among the 150 largest-cap stocks, 67 (45%) closed higher. 42% of all Nasdaq stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -1.9% to 1%. 6 sectors outperformed the market. The market was down -0.5%; Utilities was up 1%, the best performer, reflecting a more conservative market sentiment; Energy was down -1.9%, the worst performer.

● Marvell Technology Group (MRVL) tumbled -7.7% (-$4.87), closed at $58.53, the worst % loss in more than 7 months, rose 48.3% (+$19.05) for the month. The worst performer today with a slight decrease in volume.
360miq.com/stockinfo?code=MRVL

● Liberty Media Corp SiriusXM A (LSXMA) fell -1.9% (-$0.53), closed at $28.02, fell -0.3% (-$0.08) for the month, crossed below MA20 and MA50 ($28.24, $28.03). The largest increase in volume today.
360miq.com/stockinfo?code=LSXMA

● Atlassian Corp (TEAM) spiked 7.1% (+$11.92), closed at $180.77, rose 3 days in a row, a 71-day high, rose 22.4% (+$33.11) for the month, crossed above MA200 ($172.95). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=TEAM

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

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