Press "Enter" to skip to content

Nasdaq Market Update 2023-08-04

360MiQ 0

Nasdaq 100 fell -0.5% (-79.1 pts), closed at 15275 points, fell 4 days in a row, fell -3% (-476 pts) for the week.

Among the 150 largest-cap stocks, 46 (31%) closed higher. 47% of all Nasdaq stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -1.5% to 2.6%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.5%; Consumer Cyclical was up 2.6%, the best performer, reflecting an increasing risk appetite; Technology, Energy were down -1.5%, the worst performers.

● Atlassian Corp (TEAM) surged 17.3% (+$29.28) after a 3-day losing streak, closed at $198.93, the best % gain in 2 years, also hit a YTD high, rose 14.2% (+$24.72) for the week after a 2-week losing streak, crossed above MA20 and MA50 ($178.06, $174.12). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=TEAM

● Amazon.com (AMZN) soared 8.3% (+$10.68), closed at $139.59, the best % gain in nearly 9 months, also hit a YTD high, rose 5.6% (+$7.38) for the week, rose 2 weeks in a row, crossed above MA20 ($131.3).
360miq.com/stockinfo?code=AMZN

● Booking (BKNG) largely rebounded 7.9% (+$223.67) after a 4-day losing streak, closed at $3063.58, the best % gain in more than 32 months, also hit a record high, rose 1.7% (+$51.33) for the week, rose 4 weeks in a row, crossed above MA20 ($2906.9).
360miq.com/stockinfo?code=BKNG

● Liberty Media Corp SiriusXM A (LSXMA) largely retreated -28.4% (-$9.36) after a 3-day winning streak, closed at $23.57, hit a YTD low, fell -27.1% (-$8.74) for the week, fell 2 weeks in a row, crossed below MA50 ($31.22). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=LSXMA

● Fortinet (FTNT) largely retreated -25.1% (-$19.01), closed at $56.75, a 122-day low, fell -26.1% (-$20.05) for the week, fell 3 weeks in a row, crossed below MA50 and MA200 ($73.33, $61.49).
360miq.com/stockinfo?code=FTNT

● Palo Alto Networks (PANW) plummeted -8.1% (-$19.27), closed at $218.18, the worst % loss in nearly 15 months, also a 39-day low, fell -12.2% (-$30.26) for the week after a 2-week winning streak, crossed below MA50 ($237.84).
360miq.com/stockinfo?code=PANW

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

Got a stock? Ask 360MiQ

  1. Hi, I’m your virtual stock assistant.

    Please enter a stock code or company name with an optional exchange code:

    ▪ AAPL
    ▪ Berkshire Hathaway
    ▪ 7203 TYO

CloseSpeechSendAvatar