Nasdaq 100 sank -4.2% (-639 pts) after a 4-day winning streak, closed at 14501 points, the worst % loss in nearly 17 months, crossed below MA20 and MA200 (15013 pts, 15032 pts).
Among the 150 largest-cap stocks, 18 (12%) closed higher. Only 17% of all Nasdaq stocks ended higher, the least for more than 10 months.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -5.9% to 0.3%. 9 sectors outperformed the market. Dragging by Communication and Consumer Cyclical, The market was down -3.7%; Utilities was up 0.3%, but already the best performer, reflecting a more risk-averse market; Communication was down -5.9%, the worst performer.
● T-Mobile US (TMUS) spiked 10.3% (+$11.32), closed at $120.9, rose 3 days in a row, the best % gain in more than 22 months, also hit a YTD high, crossed above MA50 ($112.86). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=TMUS
● Meta Platforms (FB) largely retreated -26.4% (-$85.23) after a 5-day winning streak, closed at $237.77, hit a YTD low, crossed below MA20 ($313.43). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=FB
● Amazon.com (AMZN) plummeted -7.8% (-$233.9), closed at $2778.35, the worst % loss in more than 22 months.
360miq.com/stockinfo?code=AMZN
● Honeywell International (HON) largely retreated -7.6% (-$15.68) after a 4-day winning streak, closed at $191.87, the worst % loss in more than 22 months, also hit a YTD low.
360miq.com/stockinfo?code=HON
360miq.com/market?data=NASDAQ#tab-3
