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Nasdaq Market Update 2023-07-28

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Nasdaq 100 largely rose 1.8% (+286 pts), closed at 15751 points, the best % gain in 2 months, rose 2.1% (+325 pts) for the week.

Among the 150 largest-cap stocks, 125 (83%) closed higher. 75% of all Nasdaq stocks ended higher, the most in nearly 6 months, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 3.2%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Communication, The market was up 1.9%; Consumer Cyclical was up 3.2%, the best performer, reflecting an increasing risk appetite; Utilities remained unchanged, but already the worst performer.

● First Solar (FSLR) soared 4.9% (+$9.65), closed at $208.45, a 38-day high, rose 5.3% (+$10.54) for the week, rose 3 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=FSLR

● Li Auto Inc (LI) surged 9.6% (+$3.76), closed at $42.75, the best % gain in more than 2 months, also hit a YTD high, rose 15.6% (+$5.78) for the week. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=LI

● T. Rowe Price Group (TROW) largely rebounded 8.3% (+$9.68) after a 3-day losing streak, closed at $126.79, the best % gain in more than 8 months, also hit a YTD high, rose 5.9% (+$7.09) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=TROW

● Enphase Energy (ENPH) tumbled -7.5% (-$12.47), closed at $154.33, fell 3 days in a row, the worst % loss in 3 months, also a 59-day low, fell -13% (-$23.15) for the week, fell 2 weeks in a row. The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=ENPH

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

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