Why NASDAQ Plunged Over 4500 Points This Year
The U.S. stock market is off to a brutal start in 2022. The Nasdaq composite, which is heavily weighted in technology stocks, has seen a more severe loss, plummeting over 25% so far this year. Nasdaq composite already lost over 4500 points.
According to Morningstar, the Nasdaq Composite Index produced an annualized return of 15.4% over the 10 years through April 28, 2022.