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Nasdaq Falls More Than 1%, Entering Correction Territory
Nasdaq Falls More Than 1%, Entering Correction Territory
Tech shares finish the day with sharp decline; S&P 500, Dow also fall 1%
China’s ‘Zero-Covid’ Policy Creates New Supply-Chain Worries
Updated Jan. 19, 2022 5:05 pm ET
U.S. stocks gave up early gains and turned lower, extending a recent stretch of losses that have pulled major indexes down to start the year.
The technology-heavy Nasdaq Composite shed 166.64 points, or 1.1%, to 14340.26. It finished the day 10.7% below its all-time closing high, set in November. A decline of greater than 10% is considered a correction for a stock index.
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Tech shares finish the day with sharp decline; S&P 500, Dow also fall 1%
China’s ‘Zero-Covid’ Policy Creates New Supply-Chain Worries
Updated Jan. 19, 2022 5:05 pm ET
U.S. stocks gave up early gains and turned lower, extending a recent stretch of losses that have pulled major indexes down to start the year.
The technology-heavy Nasdaq Composite shed 166.64 points, or 1.1%, to 14340.26. It finished the day 10.7% below its all-time closing high, set in November. A decline of greater than 10% is considered a correction for a stock index.
TO READ THE FULL STORY
SUBSCRIBE
SIGN IN
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= new reply since forum marked as read
