Nasdaq 100 largely fell -2.4% (-498 pts), closed at 19890 points, the worst % loss in nearly 2 months, fell -0.9% (-171 pts) for the month, crossed below MA20 (20230 pts).
Among the 150 largest-cap stocks, 30 (20%) closed higher. Only 24% of all Nasdaq stocks ended higher, the least in nearly 2 months.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -3.6% to +1.1%. 9 sectors outperformed the market. Dragging by Technology and Basic Materials, The market was down -2.7%; Utilities was up +1.1%, the best performer, reflecting a decreasing risk appetite; Technology was down -3.6%, the worst performer.
● LPL Financial (LPLA) jumped +6.9% (+$18.16), closed at $282.18, the best % gain in more than 2 months, also a 92-day high, rose +21.3% (+$49.55) for the month. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=LPLA
● argenx NV ADR (ARGX) jumped +6.3% (+$34.59) after a 3-day losing streak, closed at $586.3, the best % gain in 4 months, also hit a record high, rose +8.2% (+$44.22) for the month.
360miq.com/stockinfo?code=ARGX
● Xcel Energy (XEL) surged +6% (+$3.76), closed at $66.81, the best % gain in nearly 55 months, also hit a YTD high, rose +2.3% (+$1.51) for the month, crossed above MA20 and MA50 ($63.66, $63.29).
360miq.com/stockinfo?code=XEL
● Monolithic Power Systems (MPWR) tumbled -17.5% (-$160.51), closed at $759.3, the worst % loss in more than 55 months, also a 59-day low, fell -17.9% (-$165.2) for the month, crossed below MA20, MA50 and MA200 ($905.93, $899.44, $777.4). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=MPWR
● Robinhood Markets (HOOD) plummeted -16.7% (-$4.72) after a 3-day winning streak, closed at $23.49, the worst % loss in more than 23 months, rose +0.3% (+$0.07) for the month, crossed below MA20 ($26.3).
360miq.com/stockinfo?code=HOOD
● Coinbase Global (COIN) tumbled -15.3% (-$32.49), closed at $179.25, the worst % loss in 27 months, rose +0.6% (+$1.08) for the month, crossed below MA20, MA50 and MA200 ($195.35, $181.86, $205.36).
360miq.com/stockinfo?code=COIN
● Li Auto Inc (LI) largely retreated -13.6% (-$3.93), closed at $25.01, the worst % loss in 2 months, fell -2.5% (-$0.64) for the month, crossed below MA20 and MA200 ($27.08, $25.52).
360miq.com/stockinfo?code=LI
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