9 of the Last 10 Nasdaq Corrections Ended Higher in 6 Months. Will the Fed Allow It?
The Nasdaq Composite dropped 5.52% to 24,315 on Thursday and fell into correction territory. Chip stocks led the selloff after Democrats won both chambers of Congress and governor races in major data center states. The close left the index about 12% below its October 6 record. Past corrections mostly ended in rebounds, but the Federal The post 9 of the Last 10 Nasdaq Corrections Ended Higher in 6 Months. Will the Fed Allow It? appeared first on BeInCrypto.
Key Takeaways
- The Nasdaq Composite dropped 5.52% to 24,315 on Thursday and fell into correction territory.
- Chip stocks led the selloff after Democrats won both chambers of Congress and governor races in major data center states.
- The close left the index about 12% below its October 6 record.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
StockFi: Connecting U.S. Stock with the On-Chain Ecosystem to Reshape Asset Circulation
Start with one stock. Connect two capital worlds. 6 November — Singapore — StockFi is advancing the connection between traditional equities and the on-chain ecosystem through U.S. stock tokenization. Built on BSC, the platform brings stock tokens and the meme…
Bitcoin’s rate cut relief stalls as service inflation flares
October’s services prices index eased to 73, but its 12-month average reached 69.2, the highest since April 2023. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Solana developers propose major overhaul to address hidden risk that could disrupt its network
The draft defines a common target while leaving starting-state trust, implementation testing and upgrade reviews to address. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox