Nasdaq Sinks 227 Points as Zoom, Other Investor Favorites Reverse and Fall Hard
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has had a great run, rising to record highs. But at least for a few hours, investors decided to forget about the future promise of many of the companies whose shares trade on Nasdaq stock market and instead weighed their profits. After having been up significantly for much of the day, the Composite and the Nasdaq-100 index fell almost 2%.
To be clear, not all Nasdaq stocks suffered declines. But the majority of the Nasdaq-100 did, and many of the companies that have flown the highest saw big declines seemingly based on nothing more than just fatigue at the pace of their past advances.
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Source Fool.com
