Here's what recent market history says about Nasdaq, tech stock rebound lasting
September has brought both an all-time high and a technical correction for the Nasdaq Composite Index.History says when the Nasdaq sells off as fast as it recently did, investors should not let fear linger.. After hitting an all-time high on September 2, crossing above 12,000 for the first time ever, the Nasdaq dropped by over 9% within a week and entered a technical correction.
No surprise: the selloff in the tech-heavy stock market index was led by some of the biggest names in tech. The, also known as XLK and which tracks the stock market's leading sector, also had recent losses greater than 10%. But this week, the Nasdaq, and some of the hottest technology stocks that have led the recent bull market, like
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