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Nasdaq Market Update 2023-09-11

360MiQ 0

Nasdaq 100 rose 1.2% (+182 pts), closed at 15462 points, crossed above MA50 (15296 pts).

Among the 150 largest-cap stocks, 103 (69%) closed higher. 54% of all Nasdaq stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.8% to 3.7%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Consumer Defensive, The market was up 1.1%; Consumer Cyclical was up 3.7%, the best performer, reflecting a more aggressive market sentiment; Energy was down -0.8%, the worst performer.

● Tesla (TSLA) largely rebounded 10.1% (+$25.13) after a 3-day losing streak, closed at $273.63, the best % gain in more than 7 months, also a 36-day high, crossed above MA50 ($256.65). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=TSLA

● BeiGene (BGNE) spiked 8.6% (+$16.52) after a 4-day losing streak, closed at $209.15, the best % gain in 5 months, crossed above MA20 and MA50 ($201.05, $198.34). The largest increase in volume.
360miq.com/stockinfo?code=BGNE

● Monolithic Power Systems (MPWR) largely fell -2.9% (-$14.77), closed at $486.1, fell 4 days in a row. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MPWR

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

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