Data: Among the Nasdaq-100 index’s 100 constituent stocks, 48% have pulled back more than 20% from their own peak, and 64% are still trading above the 200-day moving average.

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Mars Finance news: On July 12, within the Nasdaq 100 index, 48% of its constituent stocks have pulled back at least 20% from their own highs; this proportion has doubled over the past 12 months, but it is still below the 60% level seen before the market bottomed at the end of March. It still falls short of the extreme situation during the 2022 bear market, when it once surged to 80%. Meanwhile, 64% of the constituent stocks remain above their 200-day moving averages, nearing the highest levels seen so far this year—whereas before the market bottomed on March 30, the proportion was only 38%. The upward trend in U.S. stock indexes is increasingly dependent on a small number of stocks for support.
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