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Nasdaq Market Update 2024-05-31

360MiQ 0

Nasdaq 100 slightly fell -0.01% (-2.35 pts), closed at 18537 points, fell 3 days in a row, fell -1.4% (-271 pts) for the week after a 5-week winning streak, rose +6.3% (+1096 pts) for the month.

Among the 150 largest-cap stocks, 94 (63%) closed higher. For 2 days in a row, Nasdaq 100 fell but more than half of Nasdaq stocks ended higher. Today, 61% of all Nasdaq stocks rose against the index. The market is relatively strong.

In terms of sectors, 9 sectors closed up, the market internal was more positive, 2 sectors closed down, ranging from -0.7% to +1.7%. 9 sectors outperformed the market. The market remained unchanged; Energy was up +1.7%, the best performer; Consumer Cyclical was down -0.7%, the worst performer.

● Arch Capital Group (ACGL) rose +1.2% (+$1.22) after a 3-day losing streak, closed at $102.63, fell -0.7% (-$0.73) for the week after a 4-week winning streak, rose +9.7% (+$9.09) for the month. The largest increase in volume today.
360miq.com/stockinfo?code=ACGL

● Zscaler (ZS) largely rebounded +8.6% (+$13.4), closed at $170.05, the best % gain in nearly 13 months, fell -0.9% (-$1.59) for the week, fell 2 weeks in a row, fell -1.7% (-$2.89) for the month. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=ZS

● Marvell Technology Group (MRVL) largely retreated -10.4% (-$8.01), closed at $68.84, the worst % loss in nearly 3 months, fell -10.2% (-$7.84) for the week after a 2-week winning streak, rose +4.4% (+$2.93) for the month, crossed below MA20 and MA50 ($71.82, $69.84). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=MRVL

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

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