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Nasdaq Market Update 2024-08-06

360MiQ 0

Nasdaq 100 rebounded +1% (+183 pts) after a 3-day losing streak, closed at 18078 points.

Among the 150 largest-cap stocks, 129 (86%) closed higher. 69% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +1.1% to +2.4%. only 2 sectors outperformed the market. Boosting by Technology and Utilities, The market was up +1.9%; Technology was up +2.4%, the best performer; Financial was up +1.1%, but already the worst performer.

● Constellation Energy Corp (CEG) spiked +6.3% (+$10.78), closed at $180.75. The best performer but with average volume.
360miq.com/stockinfo?code=CEG

● PDD (PDD) jumped +6% (+$7.52) after a 3-day losing streak, closed at $133.71, the best % gain in 3 months, crossed above MA20 and MA200 ($132.25, $131.33).
360miq.com/stockinfo?code=PDD

● Fox Corp Class B (FOX) largely rebounded +5.7% (+$1.93) after a 4-day losing streak, closed at $35.97, the best % gain in nearly 2.5 years, also hit a YTD high, crossed above MA20 ($34.52).
360miq.com/stockinfo?code=FOX

● Warner Bros Discovery (WBD) plummeted -4.3% (-$0.34), closed at $7.54, fell 5 days in a row, crossed below MA50 ($7.81). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=WBD

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

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