Nasdaq 100 largely retreated -1.8% (-223 pts) after a 3-day winning streak, closed at 12396 points, rose 3.4% (+412 pts) for the week.
Among the 150 largest-cap stocks, 34 (23%) closed higher. Only 24% of all Nasdaq stocks ended higher, the least for 1 month.
In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -3% to 0.9%. 6 sectors outperformed the market. The market was down -1.6%; Utilities was up 0.9%, the best performer, reflecting a more conservative market sentiment; Communication was down -3%, the worst performer.
● SVB Financial Group (SIVB) plunged -17.1% (-$74.67) after a 5-day winning streak, closed at $361.5, hit a YTD low, fell -11.5% (-$47.12) for the week, fell 2 weeks in a row, crossed below MA20 and MA50 ($409.65, $430.51). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=SIVB
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