Skip to content

Dip Buyers Erase Massive Losses at Unprecedented Clip

  • The Nasdaq 100 fully recovers from Friday’s 2.1% slump
  • Such fast reversals of large declines rarely happened before
Bloomberg business news
Omicron Variant Adds Uncertainty to Markets: Rabobank

It’s shaping up to be a historic year for dip buyers feasting on big pullbacks.

Up 2.3% Monday, the Nasdaq 100 more than recouped Friday’s 2.1% rout. That’s the third instance in 2021 when investors have piled into the index after a beat-down and erased all the damage the very next day. There were only three such dramatic reversals in the prior two decades.