Business & Economy · 3 views
Nasdaq drops into correction territory — here’s what typically happens next
The Nasdaq Composite plunged into correction territory on Thursday. History shows more selling can follow in the near term, but a recovery eventually takes hold three months later.
Summary
The Nasdaq Composite plunged into correction territory on Thursday. History shows more selling can follow in the near term, but a recovery eventually takes hold three months later. The tech-heavy index slid more than 5% on Thursday, closing more than 11% below its record reached last month. On Wall Street, any decline greater than 10% is a correction.
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