Nasdaq 100 plunged -3% (-432 pts), closed at 14172 points, crossed below MA20 (14551 pts).
Among the 150 largest-cap stocks, 11 (7%) closed higher. Only 18% of all Nasdaq stocks ended higher.
In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -3.4% to 0.2%. 8 sectors outperformed the market. The market was down -2.9%; Basic Materials was up 0.2%, but already the best performer; Communication was down -3.4%, the worst performer.
● Telefonaktiebolaget LM Ericsson (ERIC) tanked -6.3% (-$0.695), closed at $10.31, hit a YTD low. The largest increase in volume.
360miq.com/stockinfo?code=ERIC
● The Kraft Heinz (KHC) largely rose 3.2% (+$1.18), closed at $37.8, rose 3 days in a row, a 22-day high, is testing MA200 ($37.85). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=KHC
● Cisco Systems (CSCO) largely rose 2.8% (+$1.51), closed at $55.76, the best % gain in 2 months, crossed above MA20 and MA200 ($55.29, $55.56).
360miq.com/stockinfo?code=CSCO
● MercadoLibre (MELI) sank -9.9% (-$112.39), closed at $1021.45, the worst % loss in 15 months, crossed below MA20 ($1068.14). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=MELI
● NVIDIA (NVDA) tanked -7.5% (-$19.9) after a 3-day winning streak, closed at $245.21, the worst % loss in more than 11 months.
360miq.com/stockinfo?code=NVDA
360miq.com/market?data=NASDAQ#tab-3
