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the-tell:-here’s-the-silver-lining-—-stocks-have-done-well-after-similar-nasdaq-corrections
the-tell:-here’s-the-silver-lining-—-stocks-have-done-well-after-similar-nasdaq-corrections

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The Tell: Here’s the silver lining — stocks have done well after similar Nasdaq corrections

The Tell

(FILES) In this file photo taken on March 29, 2019 The Lyft logo is shown on the screen at the Nasdaq offices in Times Square in New York.


don emmert/Agence France-Presse/Getty Images

It’s been quite a bruising for technology sector these last few sessions.

There have been only six previous times when the Nasdaq 100
NDX,
-4.76%

has entered a correction in just three days, according to Bespoke Investment Group.

The good news is, the market has done well after most of the previous episodes, as this table shows.


Bespoke Investment Group

Granted, most of these episodes happened during the tech bubble, and before that, the big sell-off in 1987, with neither situation being a particularly enviable comparison.

On Tuesday, the Nasdaq Composite
COMP,
-4.11%

lost 4.1%, to take losses to 10% over three days, as Tesla
TSLA,
-21.06%

collapsed by 21%. The broader S&P 500
SPX,
-2.77%

tumbled 2.8%.

>

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