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Nasdaq Market Update 2024-01-31

360MiQ 0

Nasdaq 100 largely fell -1.9% (-340 pts), closed at 17137 points, the worst % loss in 3 months, rose 1.8% (+311 pts) for the month.

Among the 150 largest-cap stocks, 24 (16%) closed higher. Only 26% of all Nasdaq stocks ended higher, the least for more than 2 months.

In terms of sectors, all sectors were down with losses from -0.4% to -5%. 10 sectors outperformed the market. Dragging by Communication, The market was down -2.5%; Utilities was down -0.4%, but already the best performer, reflecting a decreasing risk appetite; Communication was down -5%, the worst performer.

● JIN MEDICAL INTERNATIONAL (ZJYL) surged 30.7% (+$64.58), closed at $274.98, rose 3 days in a row, rose 10.9% (+$26.93) for the month. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=ZJYL

● Alphabet Inc Class A (GOOGL) tanked -7.6% (-$11.45), closed at $140.01, the worst % loss in 3 months, rose 0.2% (+$0.32) for the month, crossed below MA20 ($144.12). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=GOOGL

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

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