The Nasdaq fell by 2.4% yesterday, turning negative for the year and entering “correction” territory (i.e. dropping over 10% from its most recent peak). The tech-heavy index remains up 30% from pre-coronavirus levels last February, due in part to strong demand for tech products and services during the coronavirus outbreak.
More context: The Nasdaq is one of three major US stock indices, along with the Dow Jones and the S&P 500.
The New Paper
This story is from the March 9, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.
