History Suggests the Nasdaq-100 Will Soar for the Rest of 2023 -- 2 Super Stocks to Buy Right Now
The Nasdaq-100 index features 100 of the largest technology companies listed on the Nasdaq exchange. For that reason, investors often view it as a yardstick for the performance of the tech sector.
The index plunged 33% in 2022, but it has recovered most of those losses with a 39% gain this year, and that's very much in line with history. It rarely falls two years in a row. In fact, that has only happened during one period since the index's inception in 1986 -- it slid for three straight years during the dot-com crash that spanned from 2000 through 2002.
Excluding the dot-com bust, the Nasdaq-100 has delivered an average annual return of 52% in the years following declines. That pattern implies there could still be more gas in the tank to drive it higher over the remainder of 2023.
Source Fool.com
