Nasdaq 100 largely rose 1.7% (+298 pts), closed at 17643 points, hit a record high, rose 1.3% (+222 pts) for the week, rose 4 weeks in a row.
Among the 150 largest-cap stocks, 79 (53%) closed higher. Despite Nasdaq 100 rising 1.7%, only 36% of all Nasdaq stocks rose with the index.
In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -1.2% to 3.5%. only 2 sectors outperformed the market. Boosting by Communication and Consumer Cyclical, The market was up 1.6%; Communication was up 3.5%, the best performer, reflecting an increasing risk appetite; Utilities, Healthcare were down -1.2%, the worst performers.
● Meta Platforms (META) surged 20.3% (+$80.1), closed at $474.88, the best % gain in nearly 1 year, also hit a record high, rose 20.5% (+$80.74) for the week, rose 4 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=META
● Charter Communications (CHTR) largely retreated -16.6% (-$63.39), closed at $318.95, hit a YTD low, fell -15.4% (-$58.12) for the week after a 2-week winning streak, crossed below MA20 and MA50 ($369.08, $379.48). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=CHTR
● Atlassian Corp (TEAM) largely retreated -14.8% (-$37.67), closed at $217.23, the worst % loss in nearly 15 months, also hit a YTD low, fell -12.3% (-$30.56) for the week after a 3-week winning streak, crossed below MA20 and MA50 ($242.23, $223.7). The largest increase in volume today.
360miq.com/stockinfo?code=TEAM
360miq.com/market?data=NASDAQ#tab-3
