Nasdaq 100 largely fell -1.8% (-272 pts) after a 4-day winning streak, closed at 14566 points, the worst % loss in more than 1 month.
Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 21% of all Nasdaq stocks ended higher, the least for nearly 7 months.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.9% to 0.7%. 7 sectors outperformed the market. The market was down -1.8%; Utilities was up 0.7%, the best performer, reflecting a more risk-averse market; Consumer Cyclical was down -2.9%, the worst performer.
● Rivian Automotive (RIVN) plunged -8.3% (-$1.97), closed at $21.69, the worst % loss in nearly 2 months, crossed below MA20 and MA50 ($22.92, $23.06). The worst performer with a slight increase in volume.
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