Nasdaq 100 sank -3.4% (-383 pts), closed at 10906 points, fell 3 days in a row, crossed below MA20 (11164 pts).
Among the 150 largest-cap stocks, 15 (10%) closed higher. Only 22% of all Nasdaq stocks ended higher.
In terms of sectors, all sectors were down with losses from -1% to -4.5%. 7 sectors outperformed the market. The market was down -3.3%; Utilities was down -1%, but already the best performer, reflecting a decreasing risk appetite; Consumer Cyclical was down -4.5%, the worst performer.
● Horizon Pharma (HZNP) jumped 11.3% (+$7.15), closed at $70.33, the best % gain in 20 months, also a 64-day high, crossed above MA20 ($64.24). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=HZNP
● Airbnb Inc (ABNB) largely retreated -13.4% (-$14.62), closed at $94.43, a 77-day low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=ABNB
360miq.com/market?data=NASDAQ#tab-3
