Nasdaq falls 10pc from high, driven by correction on tech earnings

  • 📰 malaymail
  • ⏱ Reading Time:
  • 33 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 86%

Wall Street Nyheter

Us Stocks

NEW YORK, Aug 3 — Worries over tech earnings and a slowing US economy slammed the Nasdaq Composite index yesterday as it extended recent declines to fall 10 per cent below its...

Peranakan Chinese as a race option could be added to Malaysian birth certs, ICs as deputy unity minister says Putrajaya asked to recognise them

The Nasdaq has dropped 10 per cent from its record close of 18,647.45 points on July 10. An index or stock is widely considered to be in a correction when it closes 10 per cent or more below its previous record closing high. The last time the index marked a correction after scaling a new high was on January 19, 2022. The index then extended losses to fall 36 per cent from its high before bottoming out in December of that year.

“This isn’t an unusual seasonality pattern. We had a similar selloff in August 2023, although perhaps this is more forceful,” said James St. Aubin, chief investment officer at Ocean Park Asset Management.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Penang utility company urges using 10pc less water till September rainy season to avoid crisisKUALA LUMPUR, July 27 — The Penang Water Supply Corporation (PBAPP) today urged residents to reduce their water consumption until the expected rainy season in September to help...
Källa: malaymail - 🏆 1. / 86 Läs mer »