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Nasdaq Market Update 2024-12-11

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Nasdaq 100 largely rose +1.9% (+396 pts), closed at 21764 points, the best % gain in 1 month, also hit a record high.

Among the 150 largest-cap stocks, 101 (67%) closed higher. 52% of all Nasdaq stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.4% to +3.9%. only 2 sectors outperformed the market. Boosting by Communication and Consumer Cyclical, The market was up +2%; Communication was up +3.9%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -0.4%, but already the worst performer.

● MicroStrategy Incorporated (MSTR) surged +9% (+$34.08), closed at $411.4, crossed above MA20 ($386.68). The best performer but with average volume.
360miq.com/stockinfo?code=MSTR

● Super Micro Computer (SMCI) plummeted -5.6% (-$2.25), closed at $38.29. The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=SMCI

● Alphabet Inc Class A (GOOGL) surged +5.5% (+$10.23), closed at $195.4, rose 4 days in a row, hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=GOOGL

● Broadcom (AVGO) largely rebounded +6.6% (+$11.39), closed at $183.2, the best % gain in nearly 3 months, also a 21-day high, crossed above MA50 ($173.7).
360miq.com/stockinfo?code=AVGO

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

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