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Nasdaq Market Update 2023-08-15

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Nasdaq 100 retreated -1.1% (-168 pts), closed at 15038 points, crossed below MA50 (15176 pts).

Among the 150 largest-cap stocks, 24 (16%) closed higher. Only 27% of all Nasdaq stocks ended higher, the least for more than 1 month.

In terms of sectors, all sectors were down with losses from -0.5% to -1.9%. 5 sectors outperformed the market. The market was down -1.1%; Healthcare was down -0.5%, but already the best performer; Financial, Consumer Cyclical were down -1.9%, the worst performers.

● PayPal (PYPL) largely retreated -6% (-$3.77), closed at $59.5, a 54-day low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=PYPL

● First Solar (FSLR) largely retreated -5.5% (-$11.63), closed at $199.8, the worst % loss in more than 3 months, crossed below MA20 ($200.43).
360miq.com/stockinfo?code=FSLR

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