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Nasdaq Market Update 2024-05-07

360MiQ 0

Nasdaq 100 slightly retreated -0.01% (-2.55 pts) after a 3-day winning streak, closed at 18091 points.

Among the 150 largest-cap stocks, 77 (51%) closed higher. 52% of all Nasdaq stocks ended higher.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 3 sectors closed down, ranging from -0.7% to +1.5%. 8 sectors outperformed the market. The market remained unchanged; Consumer Defensive was up +1.5%, the best performer, reflecting a decreasing risk appetite; Consumer Cyclical was down -0.7%, the worst performer.

● Globalfoundries (GFS) spiked +7.1% (+$3.53), closed at $53.26, rose 4 days in a row, the best % gain in more than 14 months, also a 37-day high, crossed above MA50 ($50.78). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=GFS

● Datadog (DDOG) largely retreated -11.5% (-$14.6), closed at $112.37, the worst % loss in nearly 9 months, also hit a YTD low, crossed below MA20 and MA50 ($125.4, $124.71). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=DDOG

● Ryanair Holdings PLC ADR (RYAAY) plummeted -9.3% (-$13.13) after a 4-day winning streak, closed at $128.21, the worst % loss in nearly 26 months, also a 73-day low, crossed below MA20 ($138.96). The largest increase in volume.
360miq.com/stockinfo?code=RYAAY

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

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