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Pop goes the Nasdaq. Down 512, its worst day since 2022.

Posted on 7/17/24 at 5:10 pm
Posted by Joe Dimaggio
Member since Jun 2024
275 posts
Posted on 7/17/24 at 5:10 pm
How low does it go ?

Dow is up some 3,000 points in the last week or so,
This rotation has been violent.
This post was edited on 7/17/24 at 5:58 pm
Posted by xxGEAUXxx
minneapolis
Member since Dec 2012
1273 posts
Posted on 7/17/24 at 5:17 pm to
Just tear off the bandaid with the stock market and mortgages.
Posted by LordSaintly
Member since Dec 2005
40711 posts
Posted on 7/17/24 at 5:40 pm to
Chip stocks got hammered today.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
30145 posts
Posted on 7/17/24 at 5:46 pm to
*shrugs*

Same funds, same amounts, every week. I'll start caring about the details when I hit about 55 or so.
Posted by wareagle7298
Birmingham
Member since Dec 2013
3229 posts
Posted on 7/17/24 at 5:51 pm to
I was working at a customers office all day and logged into my Fidelity around 4 to see if some funds had cleared deposit and saw everything in red. Looked at the news to investigate why. I get the need for headlines, but honestly, Nasdaq is up 21% for for the year, and most economic indicators have been iffy.
Posted by Double Oh
Louisiana
Member since Sep 2008
22092 posts
Posted on 7/17/24 at 5:55 pm to
It will rebound just give it time
Posted by BabyTac
Austin, TX
Member since Jun 2008
14579 posts
Posted on 7/17/24 at 5:56 pm to
Dumping more money into it on Friday
Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 7/17/24 at 7:03 pm to
quote:

How low does it go ?


Probably lower. Then higher.
Posted by SouthPlains
Member since Jul 2023
979 posts
Posted on 7/18/24 at 9:52 am to
quote:

Probably lower. Then higher.


Another reasonable expectation is that it could go higher. Then lower.
This post was edited on 7/18/24 at 9:53 am
Posted by SlidellCajun
Slidell la
Member since May 2019
13704 posts
Posted on 7/18/24 at 10:45 am to
Tech is under pressure, with chip makers especially dropping amid fears over stricter curbs on exports to China based on comments from Biden admin.
Plus, investors are in the mode of selling tech stocks — the Nasdaq is up double digits this year — in order to weight their portfolios more towards other areas of the market.
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