Nasdaq 100 largely retreated -5.1% (-685 pts) after a 3-day winning streak, closed at 12851 points, the worst % loss in nearly 20 months, also hit a YTD low.
Among the 150 largest-cap stocks, 2 (1%) closed higher. Only 12% of all Nasdaq stocks ended higher, the least for 1.5 years.
In terms of sectors, all sectors were down with losses from -1.4% to -7%. 9 sectors outperformed the market. Dragging by Consumer Cyclical and Technology, The market was down -4.8%; Utilities was down -1.4%, but already the best performer, reflecting a decreasing risk appetite; Consumer Cyclical was down -7%, the worst performer.
● Booking (BKNG) largely rose 3.3% (+$69.07) after a 4-day losing streak, closed at $2172.395. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=BKNG
● Cognizant Technology Solutions (CTSH) largely retreated -12.7% (-$10.73), closed at $73.63, the worst % loss in more than 25 months, also hit a YTD low, crossed below MA200 ($81.95). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=CTSH
● Coinbase Global (COIN) largely retreated -12.2% (-$15.93) after a 3-day winning streak, closed at $114.22, the worst % loss in more than 3 months.
360miq.com/stockinfo?code=COIN
● MongoDB (MDB) largely retreated -12.2% (-$44.01), closed at $316.55, the worst % loss in 2 months, also a 35-day low.
360miq.com/stockinfo?code=MDB
● The Trade Desk (TTD) largely retreated -11.7% (-$7.34), closed at $55.15, the worst % loss in nearly 2 months, also a 35-day low.
360miq.com/stockinfo?code=TTD
360miq.com/market?data=NASDAQ#tab-3
