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Nasdaq Market Update 2023-06-05

360MiQ 0

Nasdaq 100 slightly rose 0.07% (+9.5 pts), closed at 14556 points, rose 3 days in a row, hit a YTD high.

Among the 150 largest-cap stocks, 72 (48%) closed higher, 63 of them rose with a lower volume. 39% of all Nasdaq stocks ended higher.

In terms of sectors, 4 sectors closed up, 6 sectors closed down, 2 sectors remained unchanged, ranging from -1.1% to 0.7%. 4 sectors outperformed the market. The market remained unchanged; Communication, Consumer Cyclical were up 0.7%, the best performers; Financial was down -1.1%, the worst performer.

● Intel (INTC) tanked -4.6% (-$1.445), closed at $29.865, crossed below MA50 ($30.52). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=INTC

● Fortinet (FTNT) surged 4.6% (+$3.16), closed at $71.29, the best % gain in 1 month, also hit a YTD high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=FTNT

● Palo Alto Networks (PANW) surged 4.4% (+$9.52), closed at $226.765, rose 8 days in a row, hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=PANW

● Cognizant Technology Solutions Corp Class A (CTSH) largely retreated -3.9% (-$2.47), closed at $61.29, the worst % loss in nearly 3 months, also a 21-day low, crossed below MA20 ($62.42).
360miq.com/stockinfo?code=CTSH

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

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