Nasdaq 100 sank -5.4% (-1060 pts), closed at 18521.5 points, the worst % loss in more than 2.5 years, also hit a YTD low.
Among the 150 largest-cap stocks, 29 (19%) closed higher. Only 16% of all Nasdaq stocks ended higher, the least in more than 3 months.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -7.8% to +0.2%. 8 sectors outperformed the market. The market was down -5.6%; Consumer Defensive was up +0.2%, but already the best performer, reflecting a more conservative market sentiment; Energy tanked -7.8%, the worst performer.
● Intel (INTC) rose +2% (+$0.45), closed at $22.43, crossed above MA50 ($22.34). The largest increase in volume.
360miq.com/stockinfo?code=INTC
● SBA Communications Corp (SBAC) surged +5.3% (+$11.53), closed at $230.87, the best % gain in 2 months, also hit a YTD high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=SBAC
● Microchip Technology (MCHP) sank -16.8% (-$8.22), closed at $40.71, the worst % loss in more than 5 years, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=MCHP
● Micron Technology (MU) tumbled -16.1% (-$14.26), closed at $74.34, the worst % loss in more than 3 months, also hit a YTD low.
360miq.com/stockinfo?code=MU
● Monolithic Power Systems (MPWR) largely retreated -15.6% (-$91.97) after a 3-day winning streak, closed at $498.68, the worst % loss in 5 months, also hit a YTD low.
360miq.com/stockinfo?code=MPWR
● United Airlines (UAL) largely retreated -15.6% (-$11.14), closed at $60.23, the worst % loss in more than 57 months, also hit a YTD low.
360miq.com/stockinfo?code=UAL
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