Nasdaq 100 fell -1.4% (-168 pts), closed at 11588 points.
Among the 150 largest-cap stocks, 25 (17%) closed higher. Only 24% of all Nasdaq stocks ended higher.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.6% to 0.3%. 6 sectors outperformed the market. The market was down -1.4%; Consumer Cyclical was up 0.3%, but already the best performer; Energy, Basic Materials were down -2.6%, the worst performers.
● Pinduoduo (PDD) largely rebounded 12.6% (+$8.3) after a 5-day losing streak, closed at $74.05, the best % gain in nearly 3 months, also hit a YTD high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=PDD
● Globalfoundries (GFS) tumbled -5.5% (-$3.73) after a 3-day winning streak, closed at $63.88. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=GFS
● NXP Semiconductors NV (NXPI) tumbled -4.9% (-$8.54), closed at $164.15, crossed below MA200 ($168.98).
360miq.com/stockinfo?code=NXPI
● Zoom Video Communications (ZM) plunged -5% (-$3.77), closed at $71.63, fell 8 days in a row, hit a YTD low.
360miq.com/stockinfo?code=ZM
● Warner Bros Discovery (WBD) largely retreated -4.8% (-$0.55) after a 3-day winning streak, closed at $10.92, crossed below MA20 ($11.25).
360miq.com/stockinfo?code=WBD
360miq.com/market?data=NASDAQ#tab-3
