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Nasdaq Market Update 2024-08-20

360MiQ 0

Nasdaq 100 slightly retreated -0.2% (-46.2 pts) after an 8-day winning streak, closed at 19720 points.

Among the 150 largest-cap stocks, 50 (33%) closed higher. 35% of all Nasdaq stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -2.5% to +0.3%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.3%; Consumer Defensive was up +0.3%, but already the best performer, reflecting a more conservative market sentiment; Energy was down -2.5%, the worst performer.

● Palo Alto Networks (PANW) soared +7.2% (+$24.65), closed at $368.01, the best % gain in nearly 6 months, also a 128-day high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=PANW

● DexCom (DXCM) largely retreated -6.2% (-$4.84) after a 3-day winning streak, closed at $72.85, crossed below MA20 ($74.98). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=DXCM

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

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