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- Jun 24th Stock Market Update - Nvidia down 13% from Highs, takes NASDAQ down
Jun 24th Stock Market Update - Nvidia down 13% from Highs, takes NASDAQ down
$NTNX $ESTC $CFLT
Mukund Mohan
June 24, 2024
Market
“The NASDAQ was down 193 points mostly on a near 7% loss for Nvidia on the day. Of course the stock has gone up tremendously for the year, but this is now a correction ” 😐️ 🥹
As I mentioned over the last week, the indices should correct about 5-7% from the top
The market was still up last week somewhat, so this is a much needed correction and a break. Most of the other Mag 7 (except Nvidia) are holding up well.
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Thank you semiconductor stocks for a large down day
Surprisingly Energy stocks and financial did ok, but I wont be rotating into them yet.
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