Nasdaq 100 largely retreated -5.5% (-706 pts) after a 4-day winning streak, closed at 12034 points, the worst % loss in nearly 2.5 years, crossed below MA50 (12612 pts).
Among the 150 largest-cap stocks, 2 (1%) closed higher. Only 17% of all Nasdaq stocks ended higher, the least for 3 months.
In terms of sectors, all sectors were down with losses from -2.5% to -5.7%. 8 sectors outperformed the market. The market was down -5.1%; Energy was down -2.5%, but already the best performer; Technology, Communication were down -5.7%, the worst performers.
● Telefonaktiebolaget LM Ericsson B ADR (ERIC) largely fell -3.1% (-$0.23) after a 4-day winning streak, closed at $7.23, crossed below MA20 and MA50 ($7.35, $7.4). The largest increase in volume.
360miq.com/stockinfo?code=ERIC
● Li Auto Inc (LI) largely rose 2.9% (+$0.75), closed at $26.81. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=LI
● NVIDIA (NVDA) sank -9.5% (-$13.74) after a 4-day winning streak, closed at $131.31, the worst % loss in nearly 2.5 years, also hit a YTD low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=NVDA
● Meta Platforms (META) plummeted -9.3% (-$15.79), closed at $153.17, the worst % loss in more than 7 months, also hit a YTD low, crossed below MA20 and MA50 ($164.61, $167.24).
360miq.com/stockinfo?code=META
● NXP Semiconductors NV (NXPI) tanked -8.1% (-$13.69) after a 4-day winning streak, closed at $155.38, the worst % loss in more than 29 months, also a 42-day low.
360miq.com/stockinfo?code=NXPI
● Amazon.com (AMZN) largely retreated -7.1% (-$9.64) after a 4-day winning streak, closed at $126.82, the worst % loss in nearly 4 months, crossed below MA20 and MA50 ($132.93, $128.59).
360miq.com/stockinfo?code=AMZN
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