You are here: Home - Investing - Experienced Investor - News -

Nasdaq falls into bear market territory

0
Written by: Danielle Levy
21/12/2018
The Nasdaq Composite Index fell into bear market territory on Thursday, causing alarm bells to ring for investors all over the world.

The US-based index, which is home to some of the world’s best known technology and internet companies, was hit by a sell-off during Thursday’s trading session. It fell 1.6% over the course of the day, finishing at 6,528 points.

Professional investors are alarmed because yesterday’s trading session saw the Nasdaq move 20% lower since it reached its previous high at the end of August. A bear market is defined as a 20% drop from a high point. Fortunately, the index recovered some of its losses towards the end of the day – and finished 19.7% lower than its previous record.

The US has three major indices that investors watch closely: the Nasdaq, the S&P 500 and the Dow Jones Industrial Average. The latter three are around 15% lower in comparison to their previous respective highs.

On Friday morning, the FTSE 100 index was trading 0.5% lower at 6,682 points.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week