Roller Coaster of a Market The selling started on day one. On day three, a weakening U.S. jobs market sparked concerns over a possible recession, and a popular hedge fund trade linked to the Japanese yen blew up. The S&P 500 lost 3% and the Dow plunged more than 1,000 points - its worst sell-off in two years.
Within the first three trading days of August, the Nasdaq had entered correction mode (down 10%). Apple was down 12%. Tech bellwether Nvidia was crashing more than 20%.
The roller coaster train had disengaged from the lift and down we were going, gravity at its most terrifying.
Within the first three trading days of August, the Nasdaq had entered correction mode (down 10%). Apple was down 12%. Tech bellwether Nvidia was crashing more than 20%.
The roller coaster train had disengaged from the lift and down we were going, gravity at its most terrifying.
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