Stock Market Crash: 3 Absolute Bargains Just Begging to Be Bought
Buckle up, because volatility is back in a big way on Wall Street.
This past Thursday, May 5, just a day after the Federal Reserve increased interest rates by their largest amount in two decades (50 basis points), all of the major indexes crashed. Although "crash" is a bit of a subjective term, the nominal and percentage declines for all of the indexes sent shockwaves throughout Wall Street.
When the closing bell tolled, the technology-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC) recorded its third-largest daily point decline in history (647.16 points), and at its peak intra-day decline was down by 6.01%. A 6.3% drop (at close) would have placed as one of the 20 largest percentage drops in history.
Source Fool.com
