(Bloomberg) -- The sell-off in the Nasdaq 100 was so bad Monday that 101 stocks ended lower.
ADVERTISEMENT
That’s right, 101 shares fell in an index whose name would suggest it contains only 100 members. In fact, there are 103 constituents in the measure because of dual-class structures among the likes of Alphabet and Fox.
ADVERTISEMENT
The tech-heavy gauge closed down 3.5 percent, its steepest loss since Dec. 4. Only Xcel Energy Inc. and JD.com Inc. managed to post gains on the day.
©2019 Bloomberg L.P.
RECOMMENDED FOR YOU
POPULAR
1
Mumbai Local Train Derails At CSMT; Services Affected On Harbour Line
2
Inheritance Tax Never Part Of BJP's Vision, Says PM Modi
3
Glenmark Pharma Gets USFDA Nod For Generic Anti-inflammatory Drug
4
How SEBI's Directive To BSE Impacts Its Financials?
5