Tech’s sudden sell-off continues; Nasdaq sinks 10% in 3 days

But all that activity can unwind quickly and send prices tumbling if momentum turns, which is what happened last week. Apple stock dropped 3.1% for just its second weekly loss in the last 14 weeks. It’s lost 14.1% over the last three days.

That gap began to narrow on Thursday, when tech stocks began cracking and the Dow fell more than 800 points, and that “showed investors that tech stocks and growth stocks can fall just as easily as they rise,” Stovall said.“It’s a reminder that we’re still in 2020,” said Willie Delwiche, investment strategist at Baird. “The degree of selling we’ve seen the past few days is just a reminder that volatility is still around.

Tesla has been one of the brightest examples of Big Tech’s wild movements, and it surged 74.1% in August alone. It slumped 21.1% Tuesday, its worst loss since it began trading a decade ago, amid disappointment that it won’t be joining the S&P 500 anytime soon.

Source: News Formal (newsformal.com)

Some times when you roll the dice you get snake eyes. But the Stock Market is not the economy its a big money playground.

The real news...

☠️😭😂

I don't remember seeing anything from AP when the Nasdaq hit 17 (SEVENTEEN) new All Time Highs throughout this year.

Do you do anything positive

So what

And why are you showing it in Chinese?

Thanks, realDonaldTrump - only you could have taken a growing, robust economy gifted to you by President Obama and run it into the ground. TrumpIsACompleteFailure

Doom and Gloom Media

cheer leading for the stock market to fail. All for political reasons. So much for unbiased 'reporting'. I thought I was reading a headline written by the DNC. JournalismIsDead pathetic

Pandemic fueled Tech rally can only last so long. Once the sobering reality of anti-trust measures against these digital monopolies sets in there will be a serious routing of these stocks.

What about NASDAQ Isn’t that where the new ones are?

That’s the stock market.

The ignorant people are freaking out but the smart people will be buying

Yet, people continue to pretend a correction isn't coming. 🤔

International trade is a double edged sword. US companies (Intel, Qaulcomm, NVIDIA and AMD) sold $70 billion worth of chips to China in 2019 = GDP of Luxembourg. Now these companies stand to lose such business & their stock is down - thanks to Covfefe

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