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Nasdaq Market Update 2022-08-22

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Nasdaq 100 sank -2.7% (-352 pts), closed at 12891 points, the worst % loss in nearly 2 months, crossed below MA20 (13139 pts).

Among the 150 largest-cap stocks, 13 (9%) closed higher. Only 19% of all Nasdaq stocks ended higher, the least for 2 months.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.9% to 0.5%. 8 sectors outperformed the market. The market was down -2.4%; Energy was up 0.5%, the best performer; Technology was down -2.9%, the worst performer.

● Pinduoduo (PDD) largely rebounded 4.8% (+$2.18) after a 4-day losing streak, closed at $47.94. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=PDD

● Warner Bros Discovery (WBD) largely retreated -7.3% (-$1), closed at $12.73, hit a record low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=WBD

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