Nasdaq 100 tanked -2.7% (-345 pts), closed at 12270 points, crossed below MA20 (12316 pts).
Among the 150 largest-cap stocks, 8 (5%) closed higher. Only 22% of all Nasdaq stocks ended higher.
In terms of sectors, all sectors were down with losses from -1% to -3.8%. 6 sectors outperformed the market. The market was down -2.6%; Consumer Defensive was down -1%, but already the best performer, reflecting a decreasing risk appetite; Basic Materials was down -3.8%, the worst performer.
● NXP Semiconductors NV (NXPI) largely rebounded 4% (+$7.16), closed at $184.23, crossed above MA20 and MA50 ($182.52, $178.09). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=NXPI
● Moderna (MRNA) largely retreated -9.8% (-$14.49) after a 3-day winning streak, closed at $134.04, the worst % loss in nearly 4 months, crossed below MA20 and MA50 ($139.1, $146.78). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MRNA
● Pinduoduo (PDD) largely retreated -9.6% (-$6.22) after a 3-day winning streak, closed at $58.73, the worst % loss in 1 month, crossed below MA200 ($64.22).
360miq.com/stockinfo?code=PDD
● MercadoLibre (MELI) plummeted -9.3% (-$76.62), closed at $748, crossed below MA20 ($781.71).
360miq.com/stockinfo?code=MELI
360miq.com/market?data=NASDAQ#tab-3
