During trading Thursday, 8 stocks traded to a 52-week high, while 130 stocks bottomed out at new 52-week lows. The S&P 500 is down 1.45% so far today while the Dow is down 1.05%, the Nasdaq is down 2.18%, and the Russell 2000 is down 1.34%.
Markets fell Thursday after stronger than expected economic data validated the Federal Reserve’s position that the economy can handle additional monetary policy tightening. Investors are now preparing for even more rate hikes going forward as the central bank remains focused on fighting inflation.
Sector Highlights
Healthcare stocks dominated our list of highs today with 4 out of the 8 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is outperforming the market, decreasing 0.16% so far on the day. Over the last month, the Healthcare sector has outperformed the market, increasing 0.23% while the S&P decreased 5.09%.
Healthcare stocks have the most highs Thursday as the sector accounts for half of the just 8 52-week highs. The sector is down slightly on the day and month but has outperformed the S&P 500.
Healthcare: ADMA, ARDX, CBAY, VKTX
The Technology sector was absent from our 52-week highs today. The Technology sector is outperforming the market today, decreasing 2.54% so far on the day. Over the last month, the Technology sector has underperformed the market, decreasing 7.37% while the S&P decreased 5.09%.
Technology:
The Lists
The following stocks traded to 52-week highs:
ADMA, AEL, AJRD, ARDX, CBAY, NINE, SJM, VKTX
The following stocks traded to 52-week lows:
AAP, ACET, AGLE, AHT, ALGT, ALLO, ALLY, AMC, AMCX, AMZN, APPN, ARVN, ASXC, ATEX, AUD, BBBY, BCEL, BGS, BIG, CDXS, CIO, CLAR, CLVT, CNK, CNSL, CRWD, CSTE, CVM, CWH, DDD, DEA, DHC, DIS, DLTH, DTIL, EB, EBS, EDIT, ELAN, EQR, EVRI, EXPE, FATE, FIXX, FLGT, FPH, FRBK, FTDR, GDOT, GLDD, GME, GNRC, GOSS, GTLS, HBI, HCSG, HPP, IDEX, IHRT, ILPT, INGN, INVH, IPI, JWN, KMX, KNOP, KPTI, KRNT, KSS, LC, LE, LITE, LL, LUMN, LYFT, MU, MX, NCMI, NKTR, NNBR, NTLA, NVTA, OBNK, OSTK, PEB, PHAS, PIRS, PK, PLUG, PRTY, PSNL, PYPL, RAD, REAL, RILY, ROKU, RRGB, RUTH, SBNY, SFIX, SG, SGMO, SHO, SKYW, SLG, SNBR, SNDL, SPPI, SRNE, SWBI, SWX, TCRR, TCS, TREE, TRMB, TSLA, TSN, TTGT, TWST, UPWK, VFC, VSTO, WDC, WKHS, WMS, XHR, XPER, XXII, ZM, ZS
Read More: Healthcare Stocks Lead 52-Week Highs; Markets Fall Thursday