Charts That Only Went Up Rapidly Redrawn in Volatility Bout
- New investors from Apple, Tesla stock splits face first lesson
- Nasdaq 100 plunges most since March after huge runup
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Stocks that charged higher virtually uninterrupted since June got hammered Thursday, redrawing a swath of charts in a hurry.
The carnage was almost everywhere. The Nasdaq 100 sank more than 5.5% in its worst day since the depths of the pandemic. Apple lost $145 billion in market cap, dropping it back below $2 trillion. Stay-at-home darlings Zoom Video and DocuSign plunged 10%. All 30 Dow Jones Industrial Average components fell and only 40 S&P 500 stocks gained. The VIX fear gauge spiked toward 35.