4 reasons the stock market is plunging — and what experts say you should do

A swift and sudden downdraft in global stocks is raising concern among ordinary investors about the impact on their portfolios and 401 plans.The S&P 500 slid 171 points, or 3.2%, to 5,187 in early afternoon trading, while the Dow Jones Industrial Average fell more than 1,000 points, or 2.5%. The tech-heavy Nasdaq Composite saw an even steeper decline, sinking 3.

'Tech stocks are a victim of high expectationsSome of the worst-hit stocks during the rout can be found in the tech sector, with the so-called Magnificent Seven, a group of tech stocks including Amazon, Apple and Nvidia, among the market's worst performers on Monday. Nvidia, the chip company whose technology powers artificial intelligence, has shed 23% of its value since July 31.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Don't panic' amid stock market volatility, advisor says. Here's why staying invested pays offAmid stock market volatility, it’s critical to avoid emotional moves that could stunt long-term portfolio growth, financial experts say. Here’s what…
Source: nbcchicago - 🏆 545. / 51 Read more »