Nasdaq Drops Another 465; Etsy, Teradyne Steal Tesla's S&P Love
The higher they climb, the harder they fall. That's how some investors feel right now, as the Nasdaq Composite (NASDAQINDEX: ^IXIC) has put together a three-day losing streak of monumental proportions. Just since last Thursday, the Nasdaq has fallen nearly 10%, with another triple-digit decline taking the index down another 465 points on Tuesday.
Among big-name stocks, Tesla (NASDAQ: TSLA) was one of the biggest decliners. Part of what hit the stock was the fact that the managers of the S&P 500 index decided to snub the electric vehicle giant. Instead, they let some other stocks in, including Etsy (NASDAQ: ETSY) and Teradyne (NASDAQ: TER). Those two stocks didn't fare all that well today, either, showing that on a down day, even an index-related bump won't always have a huge impact.
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Source Fool.com
