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Nasdaq Market Update 2024-03-22

360MiQ 0

Nasdaq 100 slightly rose 0.1% (+19.4 pts), closed at 18339 points, rose 5 days in a row, hit a record high, rose 3% (+531 pts) for the week after a 2-week losing streak.

Among the 150 largest-cap stocks, 47 (31%) closed higher. Only 31% of all Nasdaq stocks ended higher.

In terms of sectors, 5 sectors closed up, 7 sectors closed down, the market internal was more negative, ranging from -1.4% to 1.2%. 3 sectors outperformed the market. The market was up 0.2%; Communication was up 1.2%, the best performer; Financial was down -1.4%, the worst performer.

● NVIDIA (NVDA) largely rose 3.1% (+$28.67), closed at $943.02, rose 5 days in a row, hit a record high, rose 7.4% (+$64.65) for the week, rose 11 weeks in a row. The best performer today but with average volume.
360miq.com/stockinfo?code=NVDA

● Lululemon Athletica (LULU) largely retreated -15.8% (-$75.63) after a 3-day winning streak, closed at $403.21, the worst % loss in 4 years, also hit a YTD low, fell -13.3% (-$61.73) for the week after a 4-week winning streak, crossed below MA20, MA50 and MA200 ($459.52, $463.82, $421.34). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=LULU

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

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