Finance
Nasdaq Days Like This Once Were Common. During the Dot-Com Crash
- Index hasn’t wiped out loss of almost 5% since early 2001
- Late-day rally latest lurch in volatile market this year
This article is for subscribers only.
That was some ride U.S. stocks just took.
The Nasdaq 100, along with the rest of the market, turned on a dime in the middle of its worst selloff in two years and vaulted back into the green, erasing a loss of nearly 5%. The move was the latest in a series of heart-stopping turnarounds that have dogged markets amid rising tensions around Federal Reserve policy.