A sharp pullback on Friday led to a correction in the Nasdaq Composite index, which is crowded with tech stocks.
The index is considered to be in correction if it has retreated from the peak by 10% or more. The level of 16,782.7 points on the Nasdaq composite index, which peaked at 18,647.45 points in July, therefore meant the beginning of a correction. The index broke through this level several times during the day and finally closed at 16,776.16 points, 2.43% lower than Thursday’s level.
Most read
2
Roosaare: the trust of loan investors has been broken and no new money will come from there
3
There is a shortage of economists and mathematicians among politicians
5
Profit per share 75% lower than two years ago
6
Company: Investors are sympathetic
Hot right now
Subscribe to the newsletter
Subscribe to the newsletter and get the most important news of the day in your inbox.
Back to the front page of Äripäiv
Source: www.aripaev.ee
