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Nasdaq Market Update 2024-07-26

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Nasdaq 100 rebounded +1% (+193 pts) after a 3-day losing streak, closed at 19024 points, fell -2.6% (-499 pts) for the week, fell 3 weeks in a row.

Among the 150 largest-cap stocks, 124 (83%) closed higher. 73% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.2% to +1.8%. 7 sectors outperformed the market, the market internal was more positive. The market was up +0.9%; Basic Materials was up +1.8%, the best performer; Healthcare was down -0.2%, but already the worst performer.

● Charter Communications (CHTR) surged +16.6% (+$52.19), closed at $367.42, a 120-day high, rose +14.7% (+$47.11) for the week, rose 6 weeks in a row, crossed above MA200 ($329.16). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=CHTR

● Erie Indemnity (ERIE) jumped +9% (+$34.73), closed at $422.24, the best % gain in nearly 5 months, also hit a record high, rose +11.9% (+$44.9) for the week, rose 6 weeks in a row.
360miq.com/stockinfo?code=ERIE

● DexCom (DXCM) tumbled -40.7% (-$43.89), closed at $63.96, fell 3 days in a row, hit a YTD low, fell -42.7% (-$47.7) for the week, fell 2 weeks in a row. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=DXCM

● Biogen (BIIB) sank -7.2% (-$16.345), closed at $211.095, the worst % loss in more than 5 months, also a 61-day low, fell -6.8% (-$15.305) for the week, fell 2 weeks in a row, crossed below MA50 ($226.89).
360miq.com/stockinfo?code=BIIB

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

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