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Nasdaq Market Update 2022-08-30

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Nasdaq 100 fell -1.1% (-141 pts), closed at 12343 points, fell 3 days in a row, a 24-day low.

Among the 150 largest-cap stocks, 33 (22%) closed higher. Only 28% of all Nasdaq stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.5% to -4.6%. 4 sectors outperformed the market. The market was down -1.1%; Financial was down -0.5%, but already the best performer; Energy was down -4.6%, the worst performer.

● AstraZeneca PLC ADR (AZN) largely fell -3.7% (-$2.45), closed at $63.38, fell 3 days in a row, the worst % loss in nearly 6 months, also a 48-day low. The largest increase in volume.
360miq.com/stockinfo?code=AZN

● Globalfoundries (GFS) largely rebounded 3.5% (+$2.05), closed at $61.09, crossed above MA20 ($59.75). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=GFS

● Trip.com Group Ltd ADR (TCOM) sank -6.8% (-$1.86), closed at $25.5, the worst % loss in more than 2 months, crossed below MA20 and MA50 ($26.56, $26.05). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=TCOM

● Baidu (BIDU) plummeted -6.5% (-$9.62), closed at $137.7, fell 3 days in a row, the worst % loss in more than 2 months, crossed below MA20, MA50 and MA200 ($137.9, $142.08, $142.59).
360miq.com/stockinfo?code=BIDU

● Lucid Group (LCID) tanked -6.3% (-$1.025), closed at $15.145, fell 3 days in a row, a 75-day low.
360miq.com/stockinfo?code=LCID

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

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