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Nasdaq Market Update 2024-06-12

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Nasdaq 100 rose +1.3% (+255 pts), closed at 19465 points, rose 3 days in a row, hit a record high.

Among the 150 largest-cap stocks, 99 (66%) closed higher. 65% of all Nasdaq stocks ended higher.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -0.9% to +2.6%. only 1 sector outperformed the market. Boosting by Technology, The market was up +1.5%; Technology was up +2.6%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.9%, the worst performer.

● Arch Capital Group (ACGLO) rose +0.9% (+$0.2), closed at $22.6, is testing MA20 ($22.61). The largest increase in volume.
360miq.com/stockinfo?code=ACGLO

● Arm Holdings (ARM) surged +8% (+$11.56), closed at $155.48, rose 3 days in a row, hit a record high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=ARM

● Exelon (EXC) largely fell -4% (-$1.455), closed at $34.755, the worst % loss in nearly 6 months, also a 78-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=EXC

● Zoom Video Communications (ZM) largely fell -3.7% (-$2.32), closed at $60.53, the worst % loss in 3 months, crossed below MA20 and MA50 ($62.63, $62.09).
360miq.com/stockinfo?code=ZM

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

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