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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

España Noticias Noticias

España Últimas Noticias,España Titulares

CNBC Pro screened for stocks in the Nasdaq Composite that are already in a bear market, or down more than 20% from their 52-week highs.

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.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in ES

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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
Fuente: WSJ - 🏆 98. / 63 Leer más »

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
Fuente: WSJ - 🏆 98. / 63 Leer más »

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.
Fuente: WSJ - 🏆 98. / 63 Leer más »