Nasdaq 100 largely retreated -2.2% (-458 pts), closed at 20426 points, hit a YTD low.
Among the 150 largest-cap stocks, 43 (29%) closed higher. Only 21% of all Nasdaq stocks ended higher, the least in more than 2 months.
In terms of sectors, 1 sector closed up, 10 sectors closed down, 1 sector remained unchanged, ranging from -4% to +0.4%. 8 sectors outperformed the market. The market was down -2.5%; Consumer Defensive was up +0.4%, but already the best performer, reflecting a more risk-averse market; Energy was down -4%, the worst performer.
● Super Micro Computer (SMCI) sank -12.8% (-$5.285), closed at $36.07, fell 3 days in a row, crossed below MA50 ($36.41). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=SMCI
● Sanofi ADR (SNY) largely rose +3.8% (+$2.05), closed at $56.52, the best % gain in more than 2 months, also hit a YTD high. The largest increase in volume.
360miq.com/stockinfo?code=SNY
● Erie Indemnity (ERIE) jumped +5.1% (+$21.62), closed at $449.69, rose 6 days in a row, hit a YTD high. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=ERIE
360miq.com/market?data=NASDAQ#tab-3
