Number Of Nasdaq Stocks Down 50% Or More Approaches Record

Posted on January 10th, 2022 at 12:46 PM
Number Of Nasdaq Stocks Down 50% Or More Approaches Record

From the Desk of Jim Eccleston at Eccleston Law:

An increasing number of Nasdaq stocks have plummeted by around 50% in an echo of the dot-com crash. 

In fact, nearly four in every ten companies listed on the Nasdaq Composite Index have watched their market values slide by 50% compared to their 52-week highs, according to Jason Goepfert, chief research officer at Sundial Capital Research. Further, this is the first time since the dot-com crash that stock values have plunged while the Nasdaq index approaches a record peak. Goepfert further explained that tech stocks have continually faced pressure amidst a bond-market selloff, which has risen yields on 10-year Treasury’s to 1.72%. 

Pressure has only increased after the minutes of a recent Federal Reserve policy meeting illustrated the potential for earlier and faster rate hikes. The Nasdaq Composite Index is set for its largest weekly decline since November, while a 3.3% fall last Wednesday constituted the index’s worst single-day session since February 2021. 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, nasdaq, stocks down

Return to Archive

TESTIMONIALS

Previous
Next

The work that you and your team have performed on my behalf is exemplary.

JT

LATEST NEWS AND ARTICLES

January 6, 2025
JPMorgan Fined $1.8 Million by Singapore Regulator for Misconduct in Bond Transactions

The Monetary Authority of Singapore (MAS) fined JPMorgan Chase & Co. $1.8 million for failing to prevent and detect misconduct by its relationship managers during 24 over-the-counter (OTC) bond transactions between November 2018 and September 2019.

January 3, 2025
Next Level Holdings and Yield Wealth Under Federal and State Investigation

Federal and state authorities are investigating Next Level Holdings and Yield Wealth, two investment firms accused of offering high-yield financial products now facing significant turmoil, according to the Wall Street Journal

January 2, 2025
James Eccleston Named 2025 Preeminent Attorney

James Eccleston has been awarded the highest possible rating in legal ability by Martindale-Hubbell.