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Nasdaq Market Update 2024-09-05

360MiQ 0

Nasdaq 100 slightly rose +0.05% (+9.33 pts), closed at 18930 points.

Among the 150 largest-cap stocks, 32 (21%) closed higher. Only 30% of all Nasdaq stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -5.2% to +0.8%. 8 sectors outperformed the market. The market was down -3.2%; Consumer Defensive was up +0.8%, the best performer, reflecting a more conservative market sentiment; Technology was down -5.2%, the worst performer.

● Tesla (TSLA) jumped +7.5% (+$16.06), closed at $230.17, rose 3 days in a row, the best % gain in 2 months, also a 22-day high, crossed above MA50 ($221.67). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=TSLA

● Zscaler (ZS) largely retreated -18.9% (-$37.73), closed at $162.25, the worst % loss in more than 59 months, also a 64-day low, crossed below MA20, MA50 and MA200 ($186.75, $188.02, $198.56). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=ZS

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

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