The Nasdaq Composite has declined 3.97% over the past month, signaling a correction in the tech-heavy index. Market pullbacks often create opportunities for long-term investors to buy high-quality stocks at a discount.
The stock market is little changed from earlier this morning, but the Nasdaq Composite has widened its declines to over 1%.
U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 1% on Wednesday.
Stock futures were indicating a slow start to Wednesday on Wall Street, with the S&P 500 tipped to make a flat start, with four more trading days in the quarter. The S&P 500 and Nasdaq 100 are both flat on the futures market, while the Dow Jones was up 0.1%.
The Nasdaq Composite is down 9.1% this year and back on Monday morning it was still trading in correction territory. Several stocks have been bouncing back, but there are still some intriguing buys available right now that may set you up for some strong returns in the future.
eToro announced that it filed for an initial public offering on the Nasdaq Global Select Market under the ticker symbol “ETOR.” A filing with the Securities and Exchange Commission (SEC) showed the company aims to raise between $300 million and $400 million at a pre-money valuation of $4.5 billion.
The markets are off to a volatile start, meandering between positive and negative ground.
The Nasdaq Composite (^IXIC 2.27%) is making its way back up after falling into correction territory, and as of Monday's close, it's down almost 6% this year. That's an average of about 2,500 stocks, so some are doing much better, and some are doing much worse.
The Dow Jones Industrial Average (^DJI 1.42%) has changed a lot in recent years. In 2020, Salesforce, Amgen, and Honeywell International replaced ExxonMobil, Pfizer, and RTX, respectively, and in February 2024, Amazon replaced Walgreens Boots Alliance.
Nasdaq Composite stocks stabilized in the last week, but the index is still in a correction following a sell-off fueled by weakening consumer sentiment, saber-rattling over tariffs, and concerns about stretched valuations after a surge across tech stocks in 2023 and 2024.
Over the last five weeks, investors have been given a needed but potentially unpleasant reminder that stocks don't move higher in a straight line. Between Feb. 19 and March 21, the widely followed Dow Jones Industrial Average, broad-based S&P 500 (^GSPC 1.76%), and growth stock-powered Nasdaq Composite (^IXIC 2.27%) respectively shed 5.9%, 7.8%, and 11.3% of their value.
The Nasdaq Composite (^IXIC 2.27%) has spent much of March more than 10% off its all-time high, which put the index in correction territory. But Wall Street analysts see that drawdown an opportunity to buy shares of Arm Holdings (ARM 4.93%) and Upstart Holdings (UPST 6.25%).