Nasdaq 100 largely fell -1.9% (-245 pts), closed at 12725 points, the worst % loss in 2 months.
Among the 150 largest-cap stocks, 25 (17%) closed higher. Only 20% of all Nasdaq stocks ended higher, the least for more than 1 month.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.9% to 0.4%. 6 sectors outperformed the market. The market was down -2%; Consumer Defensive was up 0.4%, but already the best performer, reflecting a decreasing risk appetite; Energy, Basic Materials were down -2.9%, the worst performers.
● Cadence Design Systems (CDNS) tumbled -4.3% (-$9.12), closed at $203.86, fell 3 days in a row, the worst % loss in nearly 6 months, crossed below MA20 ($211.04). The largest increase in volume.
360miq.com/stockinfo?code=CDNS
● Fiserv (FISV) rose 2.4% (+$2.77), closed at $120.07, rose 3 days in a row, the best % gain in more than 1 month, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=FISV
● PepsiCo (PEP) rose 2.3% (+$4.23), closed at $189.73, rose 4 days in a row, the best % gain in 6 months, also hit a record high.
360miq.com/stockinfo?code=PEP
● Northern Trust (NTRS) plummeted -9.3% (-$7.98), closed at $78.15, the worst % loss in 37 months, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=NTRS
● GE HealthCare Technologies (GEHC) largely retreated -8.4% (-$7.36), closed at $80.43, crossed below MA20 ($82.25).
360miq.com/stockinfo?code=GEHC
360miq.com/market?data=NASDAQ#tab-3
