Nasdaq Stock Market Correction: Is Nvidia a Screaming Buy Right Now?
Stocks are going on sale. Is it time to buy?
In just a matter of weeks, tech stocks have gone from stretching to all-time highs to plunging on concerns around tariffs and even a recession.
As of March 11, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has fallen 13.6% from its closing peak on Dec. 17, 2024. The tech-heavy index was hovering around all-time highs as recently as Feb. 19. In Wall Street terms, the Nasdaq is now in a correction, defined as a decline of 10% or more from a recent closing peak.
Understandably, investors were spooked by weakening consumer sentiment reports, chaos surrounding the on-again, off-again tariffs U.S. President Donald Trump has rolled out, and news that key economic bellwethers like Delta Air Lines and other airlines have cut their guidance for the first quarter.
