Markets fall as decliners outnumber advancers 2775 to 714

The S&P 500 closed at 7706.03, down 0.76%, as the Nasdaq Composite ended at 26936.04, down 0.69%, and the Dow Jones closed at 51511.59, down 1.03%. Breadth was weak: 714 stocks advanced and 2775 declined, with 14 unchanged. The median stock fell 1.36%, and the cap-weighted change was -1.09%. Health Care had a median change of -2.81%, while Basic Materials fell 3.77%.

FSLY gained 13.67% to 29.65, and TDTH gained 7.78% to 1.87. ALKT fell 19.37% to 14.59, while RAPP dropped 17.71% to 34.15. The 200-day moving average touch signal had 751 events, led by BXP and CME at scores of 99.99. Its history describes past results only: across 53180 events since 2022-05-18, the median 20d change was 0.58%, and 53.01% were positive, compared with a 0.61% median and 53.08% positive for the baseline.

Chart patterns included trendline support for DBRG at 97.41, cup and handle patterns for FNV at 94.55, GFL at 92.05, MSI at 90.51, and BGC at 90.31, plus a head and shoulders pattern for ACM at 91.13. Insider cluster data included SBLK, with 8 insiders and $6.92 million in total value, and GME, with 4 insiders and $21.71 million.