Number of Nasdaq Stocks Down 50% or More Is Almost at a Record
- 40% of index’s firms have fallen by half from one-year highs
- Investors are selling first, figuring out rest later: Goepfert
This article is for subscribers only.
A near-record number of tech stocks have plunged by some 50% in an echo of the dot-com crash.
Roughly four in every 10 companies on the Nasdaq Composite Index have seen their market values cut in half from their 52-week highs, while the majority of gauge members are mired in bear markets, according to Jason Goepfert, chief research officer at Sundial Capital Research.