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Nasdaq Market Update 2023-07-07

360MiQ 0

Nasdaq 100 slightly fell -0.3% (-52.1 pts), closed at 15037 points, fell 3 days in a row, fell -0.9% (-142 pts) for the week.

Among the 150 largest-cap stocks, 71 (47%) closed higher. 68% of all Nasdaq stocks ended higher, the most in 1 month, good for the market.

In terms of sectors, 5 sectors closed up, 7 sectors closed down, ranging from -1.4% to 3.4%. 5 sectors outperformed the market. The market was down -0.1%; Energy was up 3.4%, the best performer; Consumer Defensive was down -1.4%, the worst performer.

● Rivian Automotive (RIVN) spiked 14.2% (+$3.06), closed at $24.68, rose 8 days in a row, hit a YTD high, rose 48.1% (+$8.02) for the week, rose 2 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=RIVN

● Biogen (BIIB) largely fell -3.5% (-$9.87), closed at $275.12, the worst % loss in more than 2 months, also a 66-day low, fell -3.4% (-$9.73) for the week, crossed below MA200 ($282.26). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=BIIB

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

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