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Nasdaq Market Update 2024-03-08

360MiQ 0

Nasdaq 100 retreated -1.5% (-280 pts), closed at 18018 points, fell -1.6% (-285 pts) for the week after a 2-week winning streak.

Among the 150 largest-cap stocks, 53 (35%) closed higher. Despite Nasdaq 100 falling -1.5%, 51% of all Nasdaq stocks rose against the index.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -2.5% to 0.8%. 8 sectors outperformed the market. The market was down -1%; Real Estate was up 0.8%, the best performer; Consumer Defensive was down -2.5%, the worst performer.

● MicroStrategy Incorporated (MSTR) spiked 9.6% (+$124.75), closed at $1424.77, rose 3 days in a row, hit a record high, rose 32% (+$345.38) for the week, rose 2 weeks in a row. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=MSTR

● JIN MEDICAL INTERNATIONAL (ZJYL) plunged -23.5% (-$2.165), closed at $7.035, rose 10.6% (+$0.67) for the week after a 2-week losing streak, crossed below MA20 and MA50 ($7.82, $8.28). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=ZJYL

● Costco Wholesale Corp (COST) largely retreated -7.6% (-$59.885) after a 5-day winning streak, closed at $725.705, the worst % loss in more than 21 months, fell -3.2% (-$23.735) for the week after a 5-week winning streak, crossed below MA20 ($739.34).
360miq.com/stockinfo?code=COST

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

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