The Nasdaq party has been going on for a couple of years, but it seems the club owner has turned on the lights, with the index heading into correction territory.
Well, it has happened: After around two years of semismooth sailing, the Nasdaq has entered into correction territory. The Nasdaq Composite, one of the stock market's primary indexes, was down over 9% year to date as of market close March 10, and down roughly 13% since hitting a high on Dec. 16.
You can count on three things in life: death, taxes, and the stock market eventually experiencing a down period. Unfortunately, the latter is exactly what has happened with the Nasdaq Composite, as the index has fallen into correction territory.
The markets are recovering from yesterday's massive sell-off by starting today as a mixed bag.
The Nasdaq Composite's (^IXIC 0.01%) sell-off deepened Monday as investors' worries about the state of the U.S. economy pushed the index deeper into correction territory. But as Nasdaq stocks have fallen, some now look like bargains.
It's official. Thanks to Monday's plunge, the Nasdaq Composite has suffered an official correction -- a pullback of at least 10% from its previous peak.
Markets tumbled again on Monday after President Donald Trump said he wouldn't rule out an upcoming recession in the U.S., sending skittish investors into another sell-off fueled by whiplash over tariffs and overall economic uncertainty.
US stocks have been tipped to make a slight rebound on Tuesday, following what was the worst season in over three years for the tech-powered Nasdaq. On the futures market, the S&P 500 was anticipating a 0.5% rise, with Nasdaq futures up 0.6% and Dow Jones futures up 0.4%.
You may not have noticed -- it's not getting a lot of attention -- but the last few days, the tech-heavy Nasdaq stock exchange has been in kind of a funk.
Fears about a potential recession and a tariff war between the U.S. and its trade partners are causing significant volatility in the stock market. The tech-heavy Nasdaq Composite has taken the brunt of the drop, falling 13.4% since its recent highs in December and 9.5% since the beginning of 2025.
Financial technology company Upstart (UPST -11.71%) has taken investors on quite a bumpy ride over the past year or so. After falling dramatically in the post-pandemic years, Upstart's stock price more than quadrupled from its 52-week low after three consecutive strong earnings reports.
Panicked yet? It would be a little surprising if you weren't at least a bit.