NASDAQ loses -3.95% & Closes @ 2022 Low

https://www.cnbc.com/2022/04/25/stock-market-futures-open-to…

U.S. stocks fell sharply on Tuesday with shares selling off into the close, as investors dumped equities on fears of an economic slowdown.

The tech-heavy Nasdaq Composite dropped 3.95% and hit a fresh 52-week low to close at 12,490.74. The index retreated further into bear market territory, sitting now about 23% off its high. The Dow Jones Industrial Average shed 809.28 points, or 2.4%, to 33,240.18. The S&P 500 lost 2.8% at 4,175.20.

For April, the S&P 500 is off 7.8%. The Nasdaq is down 12.2%, and the Dow has declined 4.2%.

Charts:

https://twitter.com/peregreine/status/1519056667605884928

1) $COMPQ The Nasdaq closed down -3.95% for the day. The Nasdaq is in “CRASH” territory, down -22.95% since its all-time high of 16,212.23 back in NOV 2021.

Earnings season, what fun. The big tech stocks report over the next few days. Today’s after-hours announcements:

Microsoft (MSFT) delivered earnings and revenue surprises of 1.83% and 0.81%, respectively, for the quarter ended March 2022.

Alphabet (GOOGL) delivered earnings and revenue surprises of -4.20% and 0.27%, respectively, for the quarter ended March 2022.

1 Like