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Nasdaq Market Update 2022-01-21

360MiQ 0

Nasdaq 100 plummeted -2.7% (-408 pts), closed at 14438 points, fell 4 days in a row, a 144-day low, fell -7.5% (-1174 pts) for the week.

Among the 150 largest-cap stocks, 20 (13%) closed higher. Only 17% of all Nasdaq stocks ended higher, the least for nearly 10 months.

In terms of sectors, all sectors were down with losses from -0.3% to -4.5%. 8 sectors outperformed the market. The market was down -2.7%; Consumer Defensive was down -0.3%, but already the best performer, reflecting a more conservative market sentiment; Consumer Cyclical was down -4.5%, the worst performer.

● Netflix (NFLX) plunged -21.8% (-$110.96), closed at $397.29, the worst % loss in more than 113 months, also a 448-day low, fell -24.4% (-$128.4) for the week, fell 4 weeks in a row. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=NFLX

● Coinbase Global (COIN) plunged -13.4% (-$29.625), closed at $191.995, hit a record low, fell -16.5% (-$38.035) for the week, fell 4 weeks in a row.
360miq.com/stockinfo?code=COIN

● The Trade Desk (TTD) tumbled -12.2% (-$8.24), closed at $59.49, fell 7 days in a row, the worst % loss in more than 8 months, also a 151-day low, fell -21.2% (-$15.98) for the week, fell 4 weeks in a row.
360miq.com/stockinfo?code=TTD

● SVB Financial Group (SIVB) plunged -10.2% (-$66.155), closed at $581.785, fell 6 days in a row, the worst % loss in 22 months, also a 95-day low, fell -17.4% (-$122.625) for the week, fell 2 weeks in a row, crossed below MA200 ($622.01).
360miq.com/stockinfo?code=SIVB

360miq.com/market?data=NASDAQ#tab-3

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