Nasdaq 100 largely retreated -1.9% (-371 pts), closed at 19225.482 points, hit a YTD low.
Among the 150 largest-cap stocks, 30 (20%) closed higher. Only 26% of all Nasdaq stocks ended higher.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.8% to +0.3%. 9 sectors outperformed the market. Dragging by Communication and Consumer Cyclical, The market was down -2%; Basic Materials was up +0.3%, but already the best performer; Communication was down -2.8%, the worst performer.
● Intel (INTC) soared +14.6% (+$3.02), closed at $23.7, crossed above MA20 and MA50 ($22.99, $21.28). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=INTC
● Adobe Systems Incorporated (ADBE) largely retreated -13.9% (-$60.76), closed at $377.84, the worst % loss in nearly 2.5 years, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=ADBE
360miq.com/market?data=NASDAQ#tab-3
