Nasdaq 100 Index Component Stocks' Downturn and Average Distribution Data

48% of the constituent stocks in the Nasdaq 100 index have experienced a pullback of at least 20% from their own highs, which has doubled in the past 12 months and is lower than the 60% at the end of March and the 80% during the bear market in 2022. Meanwhile, 64% of the constituent stocks are above the 200 day moving average, higher than the 38% on March 30th. The rise of the US stock index relies on the support of a few stocks.