Nasdaq 100 largely retreated -2.8% (-575 pts), closed at 20053 points, the worst % loss in 1 month, also hit a YTD low, crossed below MA200 (20239 pts).
Among the 150 largest-cap stocks, 28 (19%) closed higher. Only 32% of all Nasdaq stocks ended higher.
In terms of sectors, all sectors were down with losses from -0.5% to -3.6%. 8 sectors outperformed the market. The market was down -2.4%; Basic Materials was down -0.5%, but already the best performer; Utilities, Consumer Cyclical were down -3.6%, the worst performers.
● Fastenal (FAST) jumped +4.5% (+$3.36), closed at $77.85, the best % gain in nearly 4 months, also hit a YTD high, crossed above MA20 ($74.71). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=FAST
● Marvell Technology Group (MRVL) largely retreated -19.8% (-$17.86), closed at $72.28, hit a YTD low, crossed below MA200 ($85.43). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=MRVL
● Applovin Corp (APP) tanked -18.4% (-$58.37), closed at $259.63, fell 3 days in a row, hit a YTD low.
360miq.com/stockinfo?code=APP
360miq.com/market?data=NASDAQ#tab-3
