Nasdaq 100 largely retreated -3.1% (-342 pts), closed at 10692 points, hit a YTD low, fell -3.1% (-347 pts) for the week.
Among the 150 largest-cap stocks, 5 (3%) closed higher. Only 21% of all Nasdaq stocks ended higher.
In terms of sectors, all sectors were down with losses from -1.6% to -5%. 7 sectors outperformed the market. The market was down -2.9%; Utilities was down -1.6%, but already the best performer, reflecting a decreasing risk appetite; Consumer Cyclical was down -5%, the worst performer.
● BeiGene (BGNE) largely rose 2.8% (+$4.23), closed at $156.12, rose 3 days in a row, rose 15.8% (+$21.25) for the week, rose 2 weeks in a row. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=BGNE
● Rivian Automotive (RIVN) tumbled -11.7% (-$3.79) after a 3-day winning streak, closed at $28.71, the worst % loss in 5 months, also a 71-day low, fell -15.4% (-$5.24) for the week. The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=RIVN
360miq.com/market?data=NASDAQ#tab-3
