Stocks Snapped Back

New Highs led New Lows — 68 vs. 10.

January 08, 2024

Good evening,

Stocks snapped back. Every major index finished higher. The Nasdaq Composite carried +2.20%, the Russell 2000 rallied +1.94% and the S&P surged +1.41%.

Tech turnaround, accelerating +2.51%. Energy was the only negative sector.

New Highs led New Lows — 68 vs. 10.

See the full lists here.

The Best of the Best

RxSight ($RXST) is the best of the best. The light adjustable lens manufacturer ripped +22.80% following its preliminary unaudited earnings release.

Here’s the daily chart.

And weekly chart.

The Worst of the Worst

Lufax Holdings ($LU) is the worst of the worst. The Chinese fintech tumbled -5.59% and closed at an all-time low. The stock dropped -23.94% since its NYSE mandated reverse stock split.

Here’s the daily chart.