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Nasdaq Market Update 2024-02-08

360MiQ 0

Nasdaq 100 slightly rose 0.2% (+28.2 pts), closed at 17783 points, hit a record high.

Among the 150 largest-cap stocks, 93 (62%) closed higher. 65% of all Nasdaq stocks ended higher.

In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -6.9% to 1.1%. 7 sectors outperformed the market. The market was down -0.2%; Energy was up 1.1%, the best performer; Healthcare sank -6.9%, the worst performer.

● Arm Holdings plc ADS (ARM) jumped 47.8% (+$36.82), closed at $113.83, hit a record high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=ARM

● Monolithic Power Systems (MPWR) spiked 14.1% (+$91.28), closed at $736.69, the best % gain in more than 8 months, also hit a record high.
360miq.com/stockinfo?code=MPWR

● PayPal (PYPL) sank -11.3% (-$7.12), closed at $56.12, the worst % loss in 6 months, also hit a YTD low, crossed below MA20, MA50 and MA200 ($62.02, $61.08, $62.38). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=PYPL

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

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