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Nasdaq Market Update 2023-10-18

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Nasdaq 100 fell -1.4% (-213 pts), closed at 14909 points, crossed below MA50 (15048 pts).

Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 22% of all Nasdaq stocks ended higher, the least for more than 7 months.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -2.9% to 0.3%. 6 sectors outperformed the market. The market was down -1.6%; Energy was up 0.3%, but already the best performer; Consumer Cyclical was down -2.9%, the worst performer.

● Sanofi ADR (SNY) fell -2.3% (-$1.23), closed at $52.56, the worst % loss in more than 2 months, also a 43-day low, crossed below MA50 ($53.78). The largest increase in volume.
360miq.com/stockinfo?code=SNY

● DexCom (DXCM) soared 4.6% (+$3.67), closed at $84.16, rose 4 days in a row, the best % gain in more than 1 month. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=DXCM

● Nasdaq (NDAQ) largely rose 4% (+$1.99), closed at $51.92, the best % gain in 11 months, also a 32-day high, crossed above MA50 ($50.51).
360miq.com/stockinfo?code=NDAQ

● Rivian Automotive (RIVN) largely retreated -9.1% (-$1.81), closed at $18.09, a 75-day low, crossed below MA200 ($18.22). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=RIVN

● JB Hunt Transport Services (JBHT) tumbled -8.9% (-$17.405), closed at $178.605, the worst % loss in nearly 17 months, also a 77-day low, crossed below MA20, MA50 and MA200 ($189.09, $190.52, $182.6).
360miq.com/stockinfo?code=JBHT

● Genmab AS (GMAB) tumbled -8% (-$2.55), closed at $29.37, the worst % loss in nearly 43 months, also hit a YTD low.
360miq.com/stockinfo?code=GMAB

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

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