Nasdaq 100 rose +1% (+205 pts), closed at 20392 points, rose 4 days in a row, hit a record high, rose +3.6% (+709 pts) for the week.
Among the 150 largest-cap stocks, 94 (63%) closed higher. Despite Nasdaq 100 rising 1%, only 45% of all Nasdaq stocks follow suit.
In terms of sectors, 8 sectors closed up, 3 sectors closed down, 1 sector remained unchanged, ranging from -1.4% to +2.7%. only 2 sectors outperformed the market. The market was up +1%; Communication was up +2.7%, the best performer, reflecting an increasing risk appetite; Energy was down -1.4%, the worst performer.
● Arm Holdings (ARM) spiked +7.7% (+$12.91), closed at $181.15, rose 3 days in a row, hit a record high, rose +10.7% (+$17.53) for the week, rose 9 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=ARM
● Meta Platforms (META) soared +5.9% (+$30.08), closed at $540.04, rose 4 days in a row, the best % gain in 5 months, also hit a record high, rose +7.1% (+$35.82) for the week, rose 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=META
● NetEase (NTES) largely retreated -4.1% (-$3.96), closed at $91.96, the worst % loss in more than 1 month, fell -3.8% (-$3.62) for the week, crossed below MA20 and MA50 ($93.38, $94.8). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=NTES
● Micron Technology (MU) largely retreated -3.8% (-$5.19), closed at $131.63, rose +0.08% (+$0.1) for the week after a 2-week losing streak.
360miq.com/stockinfo?code=MU
360miq.com/market?data=NASDAQ#tab-3
