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Nasdaq Market Update 2024-08-13

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Nasdaq 100 largely rose +2.5% (+464 pts), closed at 19006 points, rose 4 days in a row, crossed above MA20 (18918 pts).

Among the 150 largest-cap stocks, 121 (81%) closed higher, 107 of them rose with a lower volume. 70% of all Nasdaq stocks ended higher, good for the market.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -1% to +2.5%. only 2 sectors outperformed the market. Boosting by Technology and Consumer Cyclical, The market was up +1.7%; Technology was up +2.5%, the best performer, reflecting a more aggressive market sentiment; Energy was down -1%, the worst performer.

● Starbucks (SBUX) spiked +20.6% (+$15.88), closed at $92.91, a 113-day high, crossed above MA50 and MA200 ($77.55, $87.37). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=SBUX

● Illumina (ILMN) sank -7% (-$8.775), closed at $115.765, the worst % loss in 9 months, crossed below MA20 and MA200 ($119.38, $119.17). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=ILMN

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

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