Nasdaq 100 fell -0.8% (-115 pts), closed at 15089 points.
Among the 150 largest-cap stocks, 18 (12%) closed higher. Only 20% of all Nasdaq stocks ended higher, the least for nearly 4 months.
In terms of sectors, all sectors were down with losses from -0.3% to -2%. only 2 sectors outperformed the market. The market was down -0.9%; Technology was down -0.3%, but already the best performer; Consumer Cyclical was down -2%, the worst performer.
● Rivian Automotive (RIVN) jumped 5.7% (+$1.16), closed at $21.59, rose 7 days in a row, hit a YTD high, crossed above MA200 ($20.86). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=RIVN
● MercadoLibre (MELI) largely retreated -7.5% (-$93.8) after a 3-day winning streak, closed at $1153.56, the worst % loss in more than 8 months, also a 90-day low, crossed below MA20 ($1202.86). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MELI
360miq.com/market?data=NASDAQ#tab-3
