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Nasdaq Market Update 2023-11-03

360MiQ 0

Nasdaq 100 rose 1.2% (+179 pts), closed at 15099 points, rose 6 days in a row, rose 6.5% (+919 pts) for the week after a 2-week losing streak, crossed above MA50 (14952 pts).

Among the 150 largest-cap stocks, 126 (84%) closed higher. 82% of all Nasdaq stocks ended higher, the most in 2 years, good for the market.

In terms of sectors, all sectors were up with gains from 0.3% to 2.2%. 6 sectors outperformed the market. The market was up 1.4%; Real Estate was up 2.2%, the best performer; Energy was up 0.3%, but already the worst performer.

● Moderna (MRNA) largely rebounded 8.8% (+$6.29), closed at $77.52, the best % gain in more than 2 months, rose 7.8% (+$5.61) for the week after a 3-week losing streak. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=MRNA

● Fortinet (FTNT) tanked -12.3% (-$7.1) after a 5-day winning streak, closed at $50.49, the worst % loss in nearly 3 months, also a 198-day low, fell -10.3% (-$5.77) for the week, fell 4 weeks in a row. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=FTNT

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

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