Nasdaq 100 plunged -3% (-647 pts), closed at 21127 points, the worst % loss in more than 1 month, crossed below MA20 and MA50 (21302 pts, 21243 pts).
Among the 150 largest-cap stocks, 79 (53%) closed higher. 41% of all Nasdaq stocks ended higher.
In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -6.9% to +2.6%. 9 sectors outperformed the market. Dragging by Utilities and Technology, The market was down -3%; Consumer Defensive was up +2.6%, the best performer, reflecting a more risk-averse market; Utilities sank -6.9%, the worst performer.
● SBA Communications Corp (SBAC) soared +5.6% (+$11.11), closed at $207.94, the best % gain in more than 6 months, also a 24-day high, crossed above MA20 ($200.25). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=SBAC
● Constellation Energy Corp (CEG) tanked -20.8% (-$72.44) after an 8-day winning streak, closed at $275, crossed below MA20 ($279.72). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=CEG
● Marvell Technology Group (MRVL) tanked -19.1% (-$23.7), closed at $100.32, a 34-day low, crossed below MA20 and MA50 ($116.93, $108.11).
360miq.com/stockinfo?code=MRVL
● Broadcom (AVGO) largely retreated -17.4% (-$42.57), closed at $202.13, the worst % loss in more than 58 months, also a 27-day low, crossed below MA20 and MA50 ($232.54, $204.52).
360miq.com/stockinfo?code=AVGO
● NVIDIA (NVDA) tumbled -16.9% (-$24.045), closed at $118.575, the worst % loss in more than 58 months, also a 78-day low, crossed below MA20, MA50 and MA200 ($138.3, $139, $121.75).
360miq.com/stockinfo?code=NVDA
360miq.com/market?data=NASDAQ#tab-3
