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Nasdaq Market Update 2024-10-23

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Nasdaq 100 largely fell -1.6% (-317 pts) after a 5-day winning streak, closed at 20067 points, the worst % loss in more than 1 month, crossed below MA20 (20119 pts).

Among the 150 largest-cap stocks, 37 (25%) closed higher. Only 27% of all Nasdaq stocks ended higher, the least in more than 1 month.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.1% to +0.5%. 8 sectors outperformed the market. The market was down -1.6%; Utilities was up +0.5%, the best performer, reflecting a more risk-averse market; Consumer Cyclical was down -2.1%, the worst performer.

● CoStar Group (CSGP) plummeted -5.3% (-$4.05), closed at $72.82, fell 3 days in a row, the worst % loss in nearly 15 months, also a 50-day low, crossed below MA20 and MA50 ($75.78, $76.39). The largest increase in volume.
360miq.com/stockinfo?code=CSGP

● Northern Trust (NTRS) surged +7% (+$6.72), closed at $102.51, the best % gain in 15 months, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=NTRS

● Seagate Technology (STX) tumbled -8.1% (-$9.12), closed at $103.52, the worst % loss in more than 13 months, also a 23-day low, crossed below MA20 and MA50 ($109.56, $104.63). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=STX

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

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