Insights
Dow Wobbles, Nasdaq Correction Deepens, Netflix Drops and Bitcoin Tumbles—and What Else Is Happening in the Stock Market Today
First American News LLC, Raleigh NC: Stocks were slipping Friday, with the Nasdaq poised to push deeper into correction territory as technology stocks remain under pressure on multiple fronts, says Gaby Mendoza of MB Daily News.
Futures for the Dow Jones Industrial Average were indicating an open 43 points lower after the index dropped 313 points Thursday to close at 34,715. S&P 500 futures signaled a start down 0.4%, with the tech-heavy Nasdaq on track to drop 0.8%. The S&P 500 and Nasdaq fell 1.1% and 1.3% Thursday, respectively.
Wall Street looks to end the week after a tumultuous few days of trading. Wednesday and Thursday both saw the Nasdaq rose more than 1% and then end down more than 1%, which is the first time a back-to-back rise and fall like that has happened in almost a year. The index entered correction territory earlier in the week—down more than 10% from its high in mid-November—and was heading deeper into the red Friday. Continue reading on Nasdaq correction, Netflix losses, and Bitcoin, click here Barron’s News
