Nasdaq 100 largely fell -1.8% (-371 pts) after a 3-day winning streak, closed at 19917 points, crossed below MA20 (19964 pts).
Among the 150 largest-cap stocks, 52 (35%) closed higher, 45 of them rose with a lower volume. Only 32% of all Nasdaq stocks ended higher.
In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -2.6% to +0.8%. 8 sectors outperformed the market. The market was down -2.1%; Consumer Defensive was up +0.8%, the best performer, reflecting a more risk-averse market; Technology was down -2.6%, the worst performer.
● Super Micro Computer (SMCI) plunged -8.9% (-$3.6), closed at $37.04, fell 3 days in a row, crossed below MA20 and MA50 ($39.79, $38.86). The worst performer but with average volume.
360miq.com/stockinfo?code=SMCI
● Arch Capital Group (ACGLO) fell -1.1% (-$0.24), closed at $20.92, the worst % loss in more than 1 month. The largest increase in volume.
360miq.com/stockinfo?code=ACGLO
● Cintas (CTAS) spiked +5.8% (+$11.26), closed at $204.71, the best % gain in nearly 1 year, crossed above MA20, MA50 and MA200 ($198.4, $200.29, $198.25). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=CTAS
● Arm Holdings plc ADS (ARM) tanked -7.5% (-$9.35), closed at $114.93, crossed below MA20 ($120.28).
360miq.com/stockinfo?code=ARM
360miq.com/market?data=NASDAQ#tab-3
