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Nasdaq Market Update 2024-03-18

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Nasdaq 100 rebounded 1% (+177 pts) after a 3-day losing streak, closed at 17985 points, crossed above MA20 (17980 pts).

Among the 150 largest-cap stocks, 95 (63%) closed higher. Despite Nasdaq 100 rising 1%, only 45% of all Nasdaq stocks follow suit.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -1.1% to 3.2%. 3 sectors outperformed the market. The market was up 1%; Communication was up 3.2%, the best performer, reflecting a more aggressive market sentiment; Healthcare was down -1.1%, the worst performer.

● Tesla (TSLA) jumped 6.3% (+$10.31), closed at $173.88, the best % gain in 6 months. The best performer but with average volume.
360miq.com/stockinfo?code=TSLA

● Alphabet Inc Class A (GOOGL) largely rebounded 4.6% (+$6.49), closed at $147.67, the best % gain in more than 3 months, also a 24-day high, crossed above MA50 ($142.32).
360miq.com/stockinfo?code=GOOGL

● JIN MEDICAL INTERNATIONAL (ZJYL) plummeted -27.2% (-$1.19), closed at $3.19, fell 3 days in a row, the worst % loss in 1 month, also hit a YTD low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=ZJYL

● Li Auto Inc (LI) largely retreated -12.3% (-$4.63), closed at $33.14, crossed below MA50 and MA200 ($33.26, $36.08).
360miq.com/stockinfo?code=LI

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

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