Nasdaq 100 fell -0.6% (-127 pts) after a 4-day winning streak, closed at 21774 points, rose +1.6% (+333 pts) for the week, rose 2 weeks in a row.
Among the 150 largest-cap stocks, 71 (47%) closed higher. Despite Nasdaq 100 falling -0.6%, 51% of all Nasdaq stocks rose against the index.
In terms of sectors, 4 sectors closed up, 7 sectors closed down, 1 sector remained unchanged, the market internal was more negative, ranging from -1.2% to +1.1%. 7 sectors outperformed the market. The market was down -0.3%; Communication was up +1.1%, the best performer; Technology was down -1.2%, the worst performer.
● PDD (PDD) surged +7% (+$7.33), closed at $111.34, the best % gain in more than 1 month, also a 41-day high, rose +5.5% (+$5.77) for the week, rose 2 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=PDD
● Telefonaktiebolaget LM Ericsson B ADR (ERIC) largely retreated -14.4% (-$1.28) after a 4-day winning streak, closed at $7.62, the worst % loss in 27 months, also a 68-day low, fell -10.8% (-$0.92) for the week, crossed below MA20 and MA50 ($8.26, $8.21). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=ERIC
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