Nasdaq falls about 2% ahead of Big Tech earnings as April selling resumes

CNBC ^ | 4/26/2022 | Hannah Miao

[Tell It Right]

U.S. stocks fell Tuesday as technology shares struggled, continuing the April sell-off.

The Dow Jones Industrial Average shed about 240 points, or 0.9%. The S&P 500 lost 1.1%. The tech-heavy Nasdaq Composite retreated 2.2%.

[Tell It Right]

By my math, the S&P 500 has dropped about 12% from its ATH on Jan 3. If it goes down another 18% in the next few months I'll jump back into equities funds. If it takes longer to go down I'll wait until it's gone down at least 40%.

Live view of NYSE:

[Vermont Lt]

Wait until the supply chain BS hits again.

And the another oil crunch when the EU cuts back on Russian Oil.

And then when the harvest sucks.

This is not going to be fun.

[Attention Surplus Disorder]

The market has gradually figured out that with a juvenile delinquent in charge, surrounded by miscreants intent upon punishing the US economy and its citizens, there really aren’t too many positives on the horizon to look forward to.

[babble-on]

I’m with you. I actually feel better when equities are lower, because as long as the decline is “orderly” then we’re in a more stable environment economically after the drop than we were before.

[Rusty0604]

Lol, good picture of the stock market.

[cuban leaf]

I noticed gold and silver were on a steady ascent for the last couple of months (perhaps due to Ukraine stuff), but is taking a fair hit this week.

[Theoria]

What a bubble. Seemed like everyone enjoyed the ride up.

[Deo volente]

Nasdaq is down 3% now and continuing to fall.

[DaxtonBrown]

NASDAQ is off over 3%. A bloodbath.

[webheart]

When is a NASDAQ ever not described as the tech-heavy NASDAQ? I have never heard and practically never read the acronym NASDAQ without the words tech-heavy in front of it. You would think that by this time after decades of repetition that everyone would know that the NASDAQ is tech heavy. It is no longer necessary to say tech heavy.

[Tell It Right]

True that. And let's be honest, the DJIA and S&P 500 are also tech heavy. As tech heavy as the NASDAQ? Of course not. But too tech heavy IMHO to reflect the broader American market.

Of course, the S&P 500 is meant to just be the largest 500 companies anyway, regardless of sector. But the managers of the DJIA ought not to have a large portion of their 30 companies be tech.

[desertfreedom765]

Yeah, but what are you going to do?

Inflation according to the Government is ~ 8%, but everyone knows it’s really around 15%.

Once cash loses value it never gains it back.

Real Estate is great for those that can afford it but in many places the raising value means raising property taxes. You also have to deal with tenants.

Perhaps investing in yourself (education/training) or starting a side business might be the best options.

[alexander_busek]

The market has gradually figured out that with a juvenile delinquent senile fool in charge, surrounded by miscreants intent upon punishing the US economy and its citizens, there really aren’t too many positives on the horizon to look forward to.

Regards,

[wny]

G&S are always hit at the end of the month...….

[Vermont Lt]

I have a range of investments. But they will take time to “come back.”

I estimated the amount of “cash” I would need over the next two years, inflated it, and set that aside so that I don’t even have to touch anything before I am 65.

My wife wants to keep working until then, so we are fine for the short haul.

Long haul, higher interest rates on some things will keep us even. But the days of speculation are over until we hit bottom.

[GailA]

lol