Why did the Nasdaq Index fall 5% on Thursday? by blackbullforex nasdaq equities
said, the central bank will not be considering a more aggressive rate hike in its future meetings.
Tom di Galoma, managing director at Seaport Global Holdings, said there was no reason to buy the dip in equities with more tightening underway and "because it doesn't look like inflation is going anywhere". However, ING Bank economists said sharper interest rate increases could lead to a greater risk of an adverse economic reaction. Interestingly, talk of an economic slowdown in the UK directly proceeded the sharp sell-off on May 5.This week, the Nasdaq Composite Index has continued its downwards trajectory, falling another 4.29% on Monday, May 5. The Index is now at a 13-month low.
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