Nasdaq 100 largely fell -2.1% (-255 pts), closed at 11912 points, the worst % loss in more than 1 month, crossed below MA200 (11992 pts).
Among the 150 largest-cap stocks, 25 (17%) closed higher. Only 30% of all Nasdaq stocks ended higher, the least for more than 1 month.
In terms of sectors, 11 sectors closed down, 1 sector remained unchanged, ranging from -3% to 0%. 7 sectors outperformed the market. The market was down -2%; Consumer Defensive remained unchanged, but already the best performer, reflecting a more conservative market sentiment; Consumer Cyclical was down -3%, the worst performer.
● Cincinnati Financial (CINF) soared 5.8% (+$6.08), closed at $111.52, the best % gain in more than 2 months, also a 127-day high, crossed above MA20, MA50 and MA200 ($106.4, $106, $108.26). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=CINF
● Lucid Group (LCID) largely retreated -8.7% (-$1.12) after a 3-day winning streak, closed at $11.75. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=LCID
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