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Nasdaq Market Update 2022-08-19

360MiQ 0

Nasdaq 100 largely fell -1.9% (-263 pts), closed at 13243 points, fell -2.4% (-323 pts) for the week after a 4-week winning streak.

Among the 150 largest-cap stocks, 19 (13%) closed higher. Only 18% of all Nasdaq stocks ended higher, the least for 2 months.

In terms of sectors, all sectors were down with losses from -0.3% to -3%. 8 sectors outperformed the market. The market was down -2%; Utilities was down -0.3%, but already the best performer, reflecting a more risk-averse market; Basic Materials was down -3%, the worst performer.

● Warner Bros Discovery (WBD) largely rose 4.2% (+$0.55), closed at $13.74, rose 0.4% (+$0.06) for the week after a 2-week losing streak. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=WBD

● Coinbase Global (COIN) tumbled -11.3% (-$9.42), closed at $74.05, fell 4 days in a row, fell -18.2% (-$16.44) for the week, fell 2 weeks in a row, crossed below MA20 ($78.82). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=COIN

● Lucid Group (LCID) plunged -8.1% (-$1.47), closed at $16.76, fell 3 days in a row, a 42-day low, fell -10.2% (-$1.9) for the week.
360miq.com/stockinfo?code=LCID

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

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