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Nasdaq Market Update 2022-02-23

360MiQ 0

Nasdaq 100 tumbled -2.6% (-362 pts), closed at 13509 points, fell 5 days in a row, hit a YTD low.

Among the 150 largest-cap stocks, 14 (9%) closed higher. Only 22% of all Nasdaq stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -4.1% to 1.8%. 8 sectors outperformed the market. The market was down -2.4%; Energy was up 1.8%, the best performer; Consumer Cyclical was down -4.1%, the worst performer.

● Cadence Design Systems (CDNS) spiked 4.3% (+$5.78), closed at $140.99. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=CDNS

● MercadoLibre (MELI) largely rebounded 3.6% (+$32.33) after a 4-day losing streak, closed at $920.19.
360miq.com/stockinfo?code=MELI

● CoStar Group (CSGP) plummeted -15% (-$9.445), closed at $53.495, fell 5 days in a row, hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=CSGP

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

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