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Nasdaq Market Update 2024-12-16

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Nasdaq 100 rose +1.5% (+317 pts), closed at 22097 points, hit a record high.

Among the 150 largest-cap stocks, 75 (50%) closed higher. 51% of all Nasdaq stocks ended higher.

In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -1.8% to +2.4%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Communication, The market was up +1.3%; Consumer Cyclical was up +2.4%, the best performer, reflecting a more aggressive market sentiment; Energy was down -1.8%, the worst performer.

● Palo Alto Networks (PANW) largely rebounded +3% (+$5.94), closed at $202.5. The largest increase in volume.
360miq.com/stockinfo?code=PANW

● Broadcom (AVGO) jumped +11.2% (+$25.2), closed at $250, hit a record high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=AVGO

● BioNTech SE (BNTX) tumbled -5.1% (-$6.16), closed at $114.22, the worst % loss in 1 month, crossed below MA20 ($115.53). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=BNTX

● Starbucks (SBUX) plummeted -4.4% (-$4.3), closed at $93.12, fell 3 days in a row, the worst % loss in more than 7 months, also a 67-day low.
360miq.com/stockinfo?code=SBUX

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

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