Nasdaq Bear Market: 3 of the Safest Stocks on the Planet to Buy Right Now
It's been a wild year on Wall Street for the investing community. Since hitting record-closing highs five months ago, the 126-year-old Dow Jones Industrial Average and broad-based S&P 500 each fell into correction territory with double-digit percentage declines.
Meanwhile, things have been even more challenging for the growth stock-focused Nasdaq Composite (NASDAQINDEX: ^IXIC). The index that's led most rallies over the past decade endured a peak-to-trough intra-day decline of 31% between November 2021 and May 2022. This sizable drop firmly places the Nasdaq in a bear market.
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Source Fool.com