by Wolf Richter
Wolf Street
Some big gainers too, as everyone plowed into energy, mining, and fertilizers.
What got crushed today were some of the giants as the market is coming unglued in a serious manner. The highfliers, the SPACs, the IPO stocks, the Ark Innovation ETF, etc., peaked in that infamous February last year and have been zigzagging lower ever since.
But the giants held up the overall market, thanks to their huge weight in the indices, until November when the Nasdaq started heading south.