The Nasdaq Is Falling: 4 of the Safest Stocks to Buy Right Now
A double-digit percentage decline in Wall Street's highest-flying stock index spells opportunity for value-oriented investors.
For the better part of the last 2.5 years, the bulls have been calling the shots on Wall Street. The ageless Dow Jones Industrial Average, benchmark S&P 500, and growth-dominated Nasdaq Composite (NASDAQINDEX: ^IXIC) have all soared to numerous record-closing highs.
But following this monster rally in equities, Wall Street's highest-flying index, the Nasdaq Composite, is beginning to fade. Although the Nasdaq technically ended March 4 outside of correction territory -- down 9.4% from its all-time closing high on Dec. 16, 2024 -- it declined by 10.7% on a peak-to-trough intraday basis between Feb. 18 (20,110 high) and March 4 (17,957 low). For at least a brief period, the Nasdaq moved into correction territory.
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