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Nasdaq Market Update 2023-10-16

360MiQ 0

Nasdaq 100 rebounded 1.2% (+178 pts), closed at 15173 points, crossed above MA50 (15061 pts).

Among the 150 largest-cap stocks, 129 (86%) closed higher. 70% of all Nasdaq stocks ended higher, the most in more than 1 month, good for the market.

In terms of sectors, all sectors were up with gains from 0.5% to 1.6%. 5 sectors outperformed the market. The market was up 1.2%; Consumer Cyclical was up 1.6%, the best performer; Energy was up 0.5%, but already the worst performer.

● Lululemon Athletica (LULU) soared 10.3% (+$38.77), closed at $416.46, rose 7 days in a row, the best % gain in more than 4 months, also hit a YTD high, crossed above MA20 and MA50 ($379.65, $382.28). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=LULU

● BioNTech SE (BNTX) plunged -6.5% (-$6.7), closed at $96.88, fell 4 days in a row, the worst % loss in more than 2 months, also hit a YTD low.
360miq.com/stockinfo?code=BNTX

● Moderna (MRNA) plunged -6.5% (-$6.41), closed at $91.89, fell 4 days in a row, hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=MRNA

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

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