Another ugly day for stocks, as Nasdaq tumbles [View all]
Source: CNN Business
It's another rough day on Wall Street, as the tech-heavy Nasdaq Composite is tumbling once again.
The market rout that started last week — and included the worst day for stocks since June — is clearly not over.
Several factors are weighing on investors' appetite for risky bets: worries about a resurgence of Covid-19 infections in the cooler winter months and the knock-on effect of the economic recovery, uncertainty surrounding the November presidential election and renewed US-China tensions. President Donald Trump said Monday that he wasn't "happy at all" with China and spoke about an economic "decoupling."
All three major stock indexes are sharply in the red at the start of the shortened Labor Day trading week, but they have bounced back from their session lows.
Read more: https://www.msn.com/en-us/money/markets/another-ugly-day-for-stocks-as-nasdaq-tumbles/ar-BB18ONem?li=BBnbfcN
Sep-Oct are typically when market crashes occur. Not quite sure if this is the start of a crashing market or if it is just a correction..
As of this post..
Dow down 560
Nasdaq down 408
Nasdaq is getting battered as tech seems to be in a free fall.
= new reply since forum marked as read
