Nasdaq 100 largely fell -1.9% (-246 pts) after a 3-day winning streak, closed at 12442 points.
Among the 150 largest-cap stocks, 22 (15%) closed higher. Only 31% of all Nasdaq stocks ended higher.
In terms of sectors, all sectors were down with losses from -0.5% to -2.5%. 9 sectors outperformed the market. Dragging by Consumer Cyclical and Technology, The market was down -1.7%; Basic Materials, Utilities were down -0.5%, but already the best performers; Consumer Cyclical was down -2.5%, the worst performer.
● Seagen (SGEN) spiked 13.2% (+$18.75), closed at $160.8, rose 4 days in a row, the best % gain in more than 2 years, also hit a YTD high, crossed above MA200 ($144.3). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=SGEN
● Datadog (DDOG) largely retreated -7% (-$6.24) after a 3-day winning streak, closed at $82.48. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=DDOG
● Zscaler (ZS) largely retreated -6.9% (-$9.81), closed at $132.96, the worst % loss in more than 2 months.
360miq.com/stockinfo?code=ZS
● Atlassian Corp (TEAM) largely retreated -6.8% (-$12.75) after a 4-day winning streak, closed at $174.61.
360miq.com/stockinfo?code=TEAM
● Advanced Micro Devices (AMD) tanked -6% (-$5.11), closed at $80.07, the worst % loss in 3 months, crossed below MA20 ($80.34).
360miq.com/stockinfo?code=AMD
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