Buzzy growth stocks that have seen big runups this year are starting to feel the heat from the market's current pullback. Tesla , Nvidia , Amazon and Alphabet were among the big technology names sliding before the market opened on Friday. That helped push Nasdaq-100 futures down nearly 1% in premarket trading. That marks a turn given that much of the recent downward pressure on the market centered on old-economy, value-oriented cyclical stocks.
The ETF is now on track to slide more than 8% in December, putting it on pace to notch its worst month since 2022. This can explain why the blue-chip Dow Jones Industrial Average has taken such an outsized hit lately. The 30-stock average has tumbled more than 5% in December and is poised to log its largest monthly decline since 2022. Looking ahead, investors are eyeing whether the iShares S & P 500 Growth ETF faces a similar fate.