The Nasdaq Dived Close to 11% in 9 Sessions -- Here's How Much Further This Growth Stock-Fueled Index Can Fall, Based on History
Historic precedent paints a clear picture of what may be next for the widely followed Nasdaq Composite.
For the better part of the last 2.5 years, optimists have ruled the roost on Wall Street, with all three major stock indexes -- the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) -- climbing to fresh record-closing highs.
Catalysts have been aplenty, with everything from an uptick in share buybacks to the rise of artificial intelligence (AI) lifting equities. But sooner or later, history teaches investors that the stock market doesn't move up in a straight line.
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