Over 100 Losers on the Nasdaq 100 in Broad-Based Tech Wreck
(Bloomberg) -- The sell-off in the Nasdaq 100 was so bad Monday that 101 stocks ended lower.
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.
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.
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