Nasdaq 100 rebounded +0.6% (+120 pts), closed at 20331 points, fell -0.3% (-61 pts) for the week.
Among the 150 largest-cap stocks, 118 (79%) closed higher. 70% of all Nasdaq stocks ended higher, good for the market.
In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.6% to +1.2%. 6 sectors outperformed the market. The market was up +0.6%; Basic Materials was up +1.2%, the best performer; Communication was down -0.6%, the worst performer.
● Arm Holdings (ARM) largely rebounded +4.6% (+$7.88), closed at $181.075, fell -0.06% (-$0.115) for the week after a 9-week winning streak. The best performer today but with average volume.
360miq.com/stockinfo?code=ARM
● Telefonaktiebolaget LM Ericsson B ADR (ERIC) surged +4.4% (+$0.28), closed at $6.67, the best % gain in nearly 2 months, also hit a YTD high, rose +7.2% (+$0.45) for the week, rose 4 weeks in a row.
360miq.com/stockinfo?code=ERIC
● Biogen (BIIB) largely retreated -2.9% (-$6.77) after a 5-day winning streak, closed at $230.03, the worst % loss in more than 1 month, rose +1.9% (+$4.38) for the week, crossed below MA200 ($232.75). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=BIIB
● Meta Platforms (META) largely fell -2.7% (-$13.9), closed at $498.8, fell -7.6% (-$41.11) for the week after a 2-week winning streak, crossed below MA20 ($511.32).
360miq.com/stockinfo?code=META
360miq.com/market?data=NASDAQ#tab-3
