The Nasdaq Composite just logged its 66th correction since 1971--here's what history says happens next in the stock market

MarketWatch2022-01-20

The Nasdaq Composite Index on Wednesday booked its first close in correction territory since March with a rapid surge in Treasury yields, and expectations for interest-rate increases from the Federal ...

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PearlynCSY
·2022-01-21
The Nasdaq Composite ended the session down 1.3% at 14,154.02 after giving up a 2.1% gain from earlier in the day. The Nasdaq, which is home to many of the market’s biggest tech names, ended Wednesday more than 10% below a record set in November, indicating a technical correction. And the DJIA 30-stock average closed below its 200-day moving average for the first time since December 2021.
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ppyys
·2022-01-20
Comment and like
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shawnhuat
·2022-01-20
K
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stormlee
·2022-01-20
Pls like thks
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miaomee
·2022-01-20
Happy
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Myname
·2022-01-20
🤔
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A similar uptrend took hold when the Nasdaq Composite slipped into correction territory in early September of 2020.Dow Jones Market DataLooking more broadly at the performance of the Nasdaq Composite over the past 65 times it has fallen 10% from a peak, it has finished positive on average, up 0.8%, in the week after, but returns over that first month are weak, until the benchmark breaks through into the three-month period and beyond, where average gains are 2.2%.Dow Jones Market DataU.S. stocks have been falling since the start of the year, with the Dow Jones Industrial Average  and the S&P 500 index  all down sharply in the month to date, as Treasury yields rise in anticipation of the Federal Reserve tightening monetary policy this year. The rate-setting Federal Open Market Committee next meets on Jan. 25-26 and is likely to set the stage for a series of rate increases, and policy tightenings as it combats inflation.With the policy meeting looming, the yield on the 10-year Treasury note was trading around 1.83% on Wednesday, while the 2-year Treasury note, which is more sensitive to Fed policy expectations, also has been on the ascent.Rising yields are weighing on yield-sensitive tech stocks and growth themed areas of the market as a rapid rise in interest rates makes their future cash flows less valuable, and in turn makes the popular stocks appear overvalued, and that is causing a broad recalibration of tech and tech-related shares that populate the Nasdaq.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9007091346,"gmtCreate":1642718810833,"gmtModify":1676533738383,"author":{"id":"4092458811577680","authorId":"4092458811577680","name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4092458811577680","authorIdStr":"4092458811577680"},"htmlText":"The Nasdaq Composite ended the session down 1.3% at 14,154.02 after giving up a 2.1% gain from earlier in the day. 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And the DJIA 30-stock average closed below its 200-day moving average for the first time since December 2021.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007091346","repostId":2204696066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9004760387,"gmtCreate":1642692055354,"gmtModify":1676533736449,"author":{"id":"3581756384979769","authorId":"3581756384979769","name":"ppyys","avatar":"https://static.tigerbbs.com/610302822a164d13f68b36645cef259a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581756384979769","authorIdStr":"3581756384979769"},"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004760387","repostId":2204696066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":630330831,"gmtCreate":1642690340533,"gmtModify":1676532614127,"author":{"id":"3575420754880245","authorId":"3575420754880245","name":"shawnhuat","avatar":"https://static.tigerbbs.com/ce96f5461b1fd7c34fc7f8592a7eb525","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575420754880245","authorIdStr":"3575420754880245"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/630330831","repostId":2204696066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":630390394,"gmtCreate":1642687911169,"gmtModify":1676532613666,"author":{"id":"3571959390768435","authorId":"3571959390768435","name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571959390768435","authorIdStr":"3571959390768435"},"htmlText":"Pls like thks","listText":"Pls like thks","text":"Pls like thks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/630390394","repostId":2204696066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":9004794906,"gmtCreate":1642687466106,"gmtModify":1676533735448,"author":{"id":"3569375896365334","authorId":"3569375896365334","name":"miaomee","avatar":"https://static.tigerbbs.com/fd309d5a46384576888494b61b0e5953","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569375896365334","authorIdStr":"3569375896365334"},"htmlText":"Happy","listText":"Happy","text":"Happy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004794906","repostId":2204696066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9004796881,"gmtCreate":1642686854559,"gmtModify":1676533735376,"author":{"id":"3575455489344050","authorId":"3575455489344050","name":"Myname","avatar":"https://static.tigerbbs.com/3fff4aa421deeb7a8d801ab27a14a82f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575455489344050","authorIdStr":"3575455489344050"},"htmlText":"🤔&nbsp;","listText":"🤔&nbsp;","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004796881","repostId":2204696066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":46,"commentSize":6,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false}}