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Nasdaq Tumbles Into Bear Market as Growth Concerns Mount

Ryan Vlastelica and Jeran Wittenstein

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Bloomberg•December 21, 2018

The world’s most famous collection of growth stocks just plunged into a bear market, the starkest illustration yet of the growing divide between investors and professional forecasters about the health of the U.S. economy.

The Nasdaq Composite Index tumbled 3 percent Friday, capping its worst week since the financial crisis. It’s now fallen 22 percent since its August record, a rout that zapped almost $3 trillion in market value. A rout in the FAANG cohort of Facebook, Apple, Amazon.com, Netflix and Alphabet wiped out $1 trillion alone. The Nasdaq 100 Index also closed in a bear market.

 

 

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• "四管齐下...解雇就是必然随之而发生的。 " -career- ♂ (7201 bytes) () 12/21/2018 postreply 19:41:06