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Nasdaq Market Update 2023-12-29

360MiQ 0

Nasdaq 100 fell -0.4% (-72.1 pts), closed at 16826 points, rose 0.3% (+49 pts) for the week, rose 9 weeks in a row, rose 5.5% (+878 pts) for the month.

Among the 150 largest-cap stocks, 42 (28%) closed higher. Only 27% of all Nasdaq stocks ended higher, the least for more than 1 month.

In terms of sectors, all sectors were down with losses from -0.1% to -1.2%. 7 sectors outperformed the market. The market was down -0.5%; Consumer Defensive was down -0.1%, but already the best performer, reflecting a more conservative market sentiment; Financial was down -1.2%, the worst performer.

● JIN MEDICAL INTERNATIONAL (ZJYL) jumped 37.1% (+$64.5), closed at $238.5, rose 3 days in a row, hit a record high, rose 74% (+$101.47) for the week, rose 7 weeks in a row, rose 891.3% (+$214.44) for the month. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=ZJYL

● Coinbase Global (COIN) tumbled -6.7% (-$12.43), closed at $173.93, the worst % loss in 5 months, fell -0.9% (-$1.55) for the week after an 8-week winning streak, rose 39.5% (+$49.21) for the month. The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=COIN

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