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S&P 500 Hits Record High While Nasdaq Composite Falls

The Motley Fool +1 ·

  1. 1On October 6, the S&P 500 recorded a record closing high of 7,818.93.
  2. 2The Nasdaq Composite fell approximately 4.5% last week.
  3. 3Since 1950, all 24 instances where the index fell more than 10% from its record closing high ended with new record highs.

So what's the key point?

The US S&P 500 index reached its highest level ever. Although the Nasdaq index fell by more than 4.5%, past cases show that it has eventually reached new record highs again.

Source The Motley Fool +1 · View original ↗

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