Tech sell-off following midterm elections leaves Nasdaq down 11% from peak
- 1As tech stocks plummeted following the midterm elections, the S&P 500 fell nearly 4% from its peak and the Nasdaq Composite fell nearly 9%.
- 2The Nasdaq is currently 11% lower than its recent peak, while the bear market threshold mentioned in the original text is a 20% drop from the peak.
- 3The original text states that the strategy of holding firm without selling during a downturn has never failed, noting that the S&P 500's return in the 12 months following midterm elections has always been positive since 1950, averaging 15%.
So what's the key point?
Tech stocks have been volatile following the midterm elections, causing the Nasdaq to drop 11% from its peak. The original text suggests that the strategy of holding on without selling during such times has never failed.
Source The Motley Fool +1 · View original ↗
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