Nasdaq Composite’s Wild Swing Precursor to Bounce, History Shows

Yahoo! Finance Jan 25, 2022 05:27 AM ET

(Bloomberg) -- The Nasdaq Composite Index’s gain on Monday after an intraday plunge of nearly 5% was only the sixth time this century that a swing of that magnitude occurred. Each instance led to a rather sharp recovery within the prevailing downtrend. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapStocks Mixed, U.S. Futures Fall on Fed, Russia: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateHong Kong Billionaire Loses Half Her For