9 of the Last 10 Nasdaq Corrections Ended Higher in 6 Months. Will the Fed Allow It?
The Nasdaq Composite dropped 5.52% to 24,315 on Thursday and fell into correction territory. Chip stocks led the selloff after Democrats won both chambers of Congress and governor races in major data center states. The close left the index about 12% below its October 6 record. Past corrections mostly ended in rebounds, but the Federal The post 9 of the Last 10 Nasdaq Corrections Ended Higher in 6 Months. Will the Fed Allow It? appeared first on BeInCrypto.
Key Takeaways
- The Nasdaq Composite dropped 5.52% to 24,315 on Thursday and fell into correction territory.
- Chip stocks led the selloff after Democrats won both chambers of Congress and governor races in major data center states.
- The close left the index about 12% below its October 6 record.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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