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Nasdaq Market Update 2022-11-16

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Nasdaq 100 retreated -1.4% (-172 pts), closed at 11699 points.

Among the 150 largest-cap stocks, 41 (27%) closed higher, 33 of them rose with a lower volume. Only 27% of all Nasdaq stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -2.8% to 0.4%. 7 sectors outperformed the market. The market was down -1.4%; Utilities was up 0.4%, but already the best performer, reflecting a decreasing risk appetite; Energy was down -2.8%, the worst performer.

● Atlassian Corp (TEAM) largely retreated -8.5% (-$11.94), closed at $129.24. The worst performer with a slight decrease in volume.
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