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Nasdaq Market Update 2024-08-05

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Nasdaq 100 tanked -3% (-546 pts), closed at 17895 points, fell 3 days in a row, a 62-day low.

Among the 150 largest-cap stocks, 5 (3%) closed higher. Only 7% of all Nasdaq stocks ended higher, the least in 2 years.

In terms of sectors, all sectors were down with losses from -1.6% to -4%. 7 sectors outperformed the market. The market was down -3.5%; Real Estate was down -1.6%, but already the best performer; Energy was down -4%, the worst performer.

● ON Semiconductor (ON) rebounded +2.3% (+$1.58), closed at $69.53. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=ON

● MicroStrategy Incorporated (MSTR) tanked -11.9% (-$172.995), closed at $1274.995, fell 3 days in a row, the worst % loss in 3 months, also a 56-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MSTR

● Coinbase Global (COIN) tumbled -7.4% (-$15.09), closed at $189.35, fell 6 days in a row, the worst % loss in more than 2 months, also a 111-day low. The largest increase in volume.
360miq.com/stockinfo?code=COIN

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

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