Nasdaq falls to 2-year low on Monday, led by a decline in chip stocks

CNBC ^ | 10/10/2022 | Alex Harring

[Tell It Right]

Stocks fell on Monday with the Nasdaq Composite index falling to the lowest level in two years as tech shares continue to be the hardest hit in this bear market because of a spiking interest rates.

The Nasdaq Composite fell more than 1.3% to touch its lowest levels since September 2020, weighed down by a slump in semiconductor stocks such as Nvidia and AMD. The S&P 500 also fell, dragged down by semi stocks and dips in major tech names Apple and Microsoft. The benchmark lost about 0.78%.

[Tell It Right]

Live look at traders heading out to the stock floor:

[ConservativeInPA]

Only 4,200 more points for the Dow to lose!

[thegagline]

AMD was around $150 in November 2021. It is now about $57. Perhaps the stock is oversold. Thoughts?

[DaxtonBrown]

My stocks are getting killed. I’d be bankrupt if I wasn’t day trading.

[aMorePerfectUnion]

We have farther to go.

15-20% farther.

But when it looks darkest, we will have a great opportunity to buy.

[central_va]

No retirement for me. F these people.

[Red Badger]

Two year low?
Hmmmm, what happened two years ago?...................🤔

[ArcadeQuarters]

Their processors in the last couple years have been impressive. Maybe they’re simply caught in the whole downturn.

[neverevergiveup]

But when it looks darkest, we will have a great opportunity to buy.

There will not be any great opportunities unless the socialists and globalists in our government are removed.

[DEPcom]

“Only 4,200 more points for the Dow to lose!”

I was thinking 27000 for the bottom, but with the current government I can see 4200 to go.

[aMorePerfectUnion]

—> There will not be any great opportunities unless the socialists and globalists in our government are removed.

Agree they must be removed - preferably by helicopter

[bigdaddy45]

what “people”? The stock market was artificially inflated and you didn’t have nearly as much money as you think you had. You were greedy when you should have been fearful.

[Ken H]

Paypal down 5.75% =>

84.98 -5.18 (5.75%)
PYPL(NASDAQ)
Oct 10, 12:06 PM EDT

[Theoria]

What a bubble. All the fed/congress pump into the markets; now people are complaining. Nobody complained on the way up with that fed pump. Cheap money, endless spending, etc rip gen x, y, z, etc.

[Jonny7797]

further.

[Ken H]

[LS]

We are just a tad above 28,000 on the Dow under Rutabaga. That’s down 8,000 points from Trump.

I sense that American bidness is just starting to realize that this Demented Pervert actually hates America.

[Jonny7797]

Thank you. I do my best.

[Tell It Right]

The S&P 500 is down 25% from it’s ATH in January. Down 5% since Brandon cheat-by-mailed into the WH. That’s now low enough for me to feel comfortable getting back in.

[SamAdams76]

I never got out of the stock market and continue to plug my 401k money into it. With dollar cost averaging, I'll come out of it pretty well in the long run.

If the GOP wins big in five weeks, I look for it to start going back up again. The U.S. actually has a great economy and the long term prospects are very good for us. But the current illegitimate administration are doing their very best to ruin it.