Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
The Nasdaq sinks to kick off 2024: What's next for tech stocks?
Views 397K Contents 214

The $Nasdaq Composite Index (.IXIC.US)$ is now down nearly 4...

The $Nasdaq Composite Index(.IXIC.US)$ is now down nearly 4% from its high just 3 trading days ago.

In other words, the index has erased $600 billion of market cap in 3 days.

This also means that the Nasdaq has erased all of its gains back to December 13th.

Furthermore, the Magnificent 7 are down ~5% from their highs last week.

Just as it appeared markets were less reliant on the Magnificent 7, they are back to driving the entire market.

More volatility is coming.
The $Nasdaq Composite Index (.IXIC.US)$ is now down nearly 4% from its high just 3 trading days ago.  In other words, the index has erased $600 billion of marke...
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
+0
Translate
Report
34K Views
Comment
Sign in to post a comment
    333Followers
    11Following
    1047Visitors
    Follow