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Nasdaq Market Update 2024-04-29

360MiQ 0

Nasdaq 100 rose +0.4% (+64.7 pts), closed at 17783 points, crossed above MA20 (17768 pts).

Among the 150 largest-cap stocks, 90 (60%) closed higher. 62% of all Nasdaq stocks ended higher.

In terms of sectors, 9 sectors closed up, the market internal was more positive, 2 sectors closed down, ranging from -2.4% to +2.4%. 9 sectors outperformed the market. The market remained unchanged; Consumer Cyclical was up +2.4%, the best performer, reflecting an increasing risk appetite; Communication was down -2.4%, the worst performer.

● Baidu (BIDU) jumped +5.6% (+$5.66), closed at $106.18, rose 6 days in a row, the best % gain in 3 months, crossed above MA20 and MA50 ($100.92, $103.08). The largest increase in volume.
360miq.com/stockinfo?code=BIDU

● Tesla (TSLA) largely rebounded +15.3% (+$25.79), closed at $194.08, the best % gain in more than 37 months, also a 39-day high, crossed above MA50 ($175.4). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=TSLA

● Coinbase Global (COIN) largely retreated -7.7% (-$18.155), closed at $218.165, crossed below MA50 ($230.8). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=COIN

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

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