2 Stocks I've Bought During the Tech Stock Correction
A stock market correction typically means a pullback in value of 10% to 20%. Looking at major indices like the S&P 500 and the Dow Jones Industrial Average, there's presently no correction to speak of. Both are within 3% of all-time highs as of this writing. However, the Nasdaq Composite index is down 8% from its high. And many of the individual stocks that make up this tech-heavy index are down by far greater percentages than this.
The technology sector started spiraling downward in February but I've been a buyer of stocks during this time. Two stocks I've bought are TS Innovation Acquisitions Corp. (NASDAQ: TSIA), which is merging with Latch, and Airbnb (NASDAQ: ABNB). My goal isn't necessarily to convince you to buy these stocks as well. Rather, I want to explain why I'm buying stocks at all during such turbulent times.
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Source Fool.com
