3 Tech-Driven Stocks Down 82% to 92% That Billionaires Can't Stop Buying
You probably don't need me to tell you this, but this has been one of the most challenging years on record for Wall Street and investors. In the roughly five to seven months since all three major U.S. indexes hit their all-time closing highs, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have respectively plunged as much as 19%, 24%, and 34%.
Heightened stock market volatility has been particularly cruel to technology-based growth stocks, which had been largely responsible for the monstrous rally that followed the March 2020 pandemic bottom. It's not uncommon to see once high-flying tech-driven stocks down anywhere from 50% to more than 90% from their record highs.
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Source Fool.com
