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Nasdaq Market Update 2024-02-12

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Nasdaq 100 fell -0.4% (-79.3 pts) after a 3-day winning streak, closed at 17883 points.

Among the 150 largest-cap stocks, 69 (46%) closed higher. Despite Nasdaq 100 falling -0.4%, 70% of all Nasdaq stocks rose against the index, the most in more than 1 month, good for the market.

In terms of sectors, 7 sectors closed up, the market internal was more positive, 5 sectors closed down, ranging from -0.6% to 3.1%. 8 sectors outperformed the market. The market was down -0.2%; Energy was up 3.1%, the best performer; Consumer Cyclical was down -0.6%, the worst performer.

● Monolithic Power Systems (MPWR) largely retreated -2.9% (-$21.89) after a 3-day winning streak, closed at $730.42, the worst % loss in more than 1 month. The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=MPWR

● Arm Holdings plc ADS (ARM) spiked 29.3% (+$33.8), closed at $149.005, rose 4 days in a row, hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=ARM

● Diamondback Energy (FANG) largely rebounded 9.4% (+$14.25), closed at $165.99, the best % gain in more than 34 months, also hit a YTD high, crossed above MA20 and MA50 ($153.18, $153.51). The largest increase in volume.
360miq.com/stockinfo?code=FANG

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

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