2 Sensational Stocks Billionaire Money Managers Piled Into Before the Nasdaq and S&P 500 Sell-Off, and 1 Highflier They've Been Selling
The stock market was historically pricey entering 2025, and this is something billionaire asset managers were keenly aware of.
As much as investors might loathe the idea of rapid moves lower in the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and widely followed Nasdaq Composite (NASDAQINDEX: ^IXIC), stock market sell-offs are normal, healthy, and inevitable.
Following a seemingly nonstop rally in all three indexes, the Dow Jones, S&P 500, and Nasdaq Composite shed 8.6%, 10.1%, and 13.7% of their respective value between Feb. 19 and March 13. You'll note the double-digit percentage drops for the Nasdaq and S&P 500 officially placed both indexes into correction territory.
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