The Nasdaq Is in Turmoil: 3 High-Yield Dividend Stocks That Make for Screaming Buys During This Historic Sell-Off
Over the last four weeks, Wall Street has bluntly reminded investors that stocks can go down, too.
When the closing bell tolled on August 2, the growth stock-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) had officially entered correction territory, with a decline that exceeded 10% from its all-time high, set on July 10. The fireworks really kicked off on Monday, August 5, with the Nasdaq briefly shedding in excess of 1,000 points at the open and ending the day lower by 576 points. Although this was "only" a 3.43% move lower, the 576-point decline slots in as the eighth-largest nominal-point drop in the index's history.
Over the span of three trading sessions, from Aug. 1 through Aug. 5, the Nasdaq Composite lost nearly 1,400 points, or about 8% of its value. In other words, the index most responsible for leading the broader market higher is now in turmoil.
Source Fool.com
