2024-07-25 05:37:09 ET
Stocks only go up. Until they don't. The Nasdaq ( COMP:IND ) on Wednesday suffered its worst day of 2024 , with the tech-heavy index sliding more than 3% for the first time in more than 400 trading days. The plunge wiped out hundreds of billions of dollars in market cap from the Magnificent Seven as concerns abound for Big Tech earnings that have propelled the broader market to record highs. A rotation has also made its way into investing sentiment in recent weeks, while other worries center around the broader economy....
Read the full article on Seeking Alpha
For further details see:
Traders pause for breath after Wall Street wipeout. What's next?