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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
Bloomberg business news
Are Tech Stocks Trash?

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.