These Nasdaq stocks are already in a bear market, including Tesla and Airbnb

Mounting pressure from "higher for longer" interest rates means there's likely more bad news ahead for the tech-heavy Nasdaq Composite . The index slid 2.4% on Wednesday, posting its worst day since February. The Nasdaq is now down more than 10% from its July 19 high this year, meaning it's officially entered correction territory. Alphabet , which slid 9.5% Wednesday on the back of disappointing cloud revenue, contributed to the index's decline.

Pro recently screened for a list of these stocks, shown here: The list of names includes Tesla, which is down 29% from its 52-week high in July. In all, 21 of the 46 analysts covering the stock maintain a rating of hold, calling for an average upside of 10%, per LSEG. Analysts across Wall Street reduced their price targets both before and after the electric vehicle maker's disappointing third-quarter results.

's Michael Bloom contributed reporting.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stock Market News Today: Nasdaq Falls 300 Points; Alphabet Stock Price Falls After EarningsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »

Stock Market News Today: Dow, Nasdaq Slip; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »

Stock Market News Today: Dow, Nasdaq Drop; Amazon Earnings in FocusLive updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »