The Nasdaq Composite (^IXIC -4.93%) is now 13% below its recent high, placing the tech-heavy index officially into correction territory. And while there are certainly good reasons why the market has been under pressure recently, such as recession fears and the potential effects of tariffs, situations like this also create buying opportunities for patient long-term investors to buy shares of great businesses.
Some short-term market pain can set you up for long-term gain. That's what's going on with SoundHound AI (SOUN -14.05%) right now.
The Nasdaq Composite (^IXIC -4.17%) has moved into correction territory (down at least 10% from all-time highs). A significant contributor to that drop has been Nvidia (NVDA -5.11%) stock, which is down about 20% year to date, as of this writing.
If you're one of the over 4 Million Americans set to retire this year, you may want to pay attention.
It's official. The stock market has gone negative for the year.
The Nasdaq has been a surefire winner over the past two years, soaring in the double digits annually. Investors were optimistic about the potential for a lower interest rate environment ahead and the fact that such a backdrop could benefit high-growth companies.
Over the last two weeks, Wall Street has sent a stern reminder to the investment community that stocks can, indeed, move in both directions.
Volatility has returned to the stock market. In particular, the tech-heavy Nasdaq Composite has suffered a rough start to the year.
Super Micro Computer (SMCI 3.21%) investors got good news last month after learning that the tech company, which has been mired in controversy in recent months, was able to file its quarterly and annual financials on time, satisfying the Nasdaq exchange. By doing so, it alleviates fears around the accuracy of its financials and it means the stock isn't at risk of being delisted anytime soon.
Trading could soon be very different on the Nasdaq stock market if the stock exchange gets its way. That's because Nasdaq president Tal Cohen has announced the exchange's plans to introduce 24-hour trading to the platform in the near future.
NDAQ is set to grow on the back of its increasing on-trading revenue base, impressive organic growth and investments in proprietary data, supported by a solid capital position.
Nasdaq Inc (NASDAQ:NDAQ) is looking into implementing 24-hour trading Monday through Friday, president Tal Cohen revealed on Friday. In a post on LinkedIn, Cohen said Nasdaq has begun engaging with regulators and other key stakeholders regarding enabling 24-hour trading five days a week on its main stock exchange, the Nasdaq Stock Market.