Nasdaq 100 fell -0.5% (-79 points) to close at 16,489 points, and it retreated after 4 consecutive days of rising.
Among the 150 largest-cap stocks, 60 (40%) closed higher, 49 of them rose with a lower volume. Only 33% of all NASDAQ stocks rose.
In terms of sectors, 2 sectors bucked the market and rose, 9 sectors fell, and 1 sector unchanged, ranging from -1% to 1.1%. 7 sectors outperformed the overall market. The overall market fell -0.6%; Utilities rose 1.1%, the best performer, reflecting the conservative market sentiment; while Healthcare and Basic Materials both fell -1%, the worst performer.
Healthcare stocks were under pressure. Moderna (MRNA), BioNTech (BNTX), and DexCom (DXCM) fell -2.2%, -5.2%, and -7.1%, respectively.
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The fall in cryptocurrencies dragged Coinbase (COIN) down -6.8%.
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