Nasdaq Re-Enters Correction; Why Netflix and Match Group Led Stocks Lower
Investors are always looking for bargains, but over the past several years, the Nasdaq Composite (NASDAQINDEX: ^IXIC) hasn't given them many opportunities to take advantage of price declines to buy stocks cheaply. Yet over the past month or so, Nasdaq investors have gotten an unusual opportunity to invest in many of their favorite stocks at huge discounts. On Thursday, the Nasdaq moved back into correction territory, falling more than 10% below its record highs from earlier this year. That included a roughly 0.5% move lower as of shortly before 2:30 p.m. EDT.
Some of the stocks that did the best during the worst part of the COVID-19 pandemic in 2020 have seen significant pullbacks lately. On Thursday, those names included Netflix (NASDAQ: NFLX) and Match Group (NASDAQ: MTCH), both of which fell more than 4% in mid-afternoon trading. Below, we'll take a look at these two powerhouses of their respective industries and see what's driving investors to take a less optimistic view of their prospects.
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Source Fool.com
