Nasdaq Down Over 30%, Is Now the Time to Buy Growth Stocks?
The Dow Jones Industrial Average and the S&P 500 are down over 20% from their highs -- a drawdown that signals both indices are officially in a bear market. But the Nasdaq Composite is in a league of its own. The tech-heavy index is down a painful 33% from its all-time high -- with many individual stocks now at their lowest levels since before the pandemic.
The million-dollar question is whether now is the right time to buy growth stocks or if intensifying selling pressure signals more pain. Let's determine why growth stocks are down big and the best way to identify the best growth stocks to buy now.
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Source Fool.com
