Market selloff: "We have never been down 1,000+ points ever, not even intraday on the Nasdaq."

The decline in American equities persists, with the Dow plummeting by 2.8% and the Nasdaq by 6.2%. Notably, the Nasdaq has never before witnessed a drop exceeding 1,000 points, even during intraday trading. This unprecedented downturn is causing concern among investors and analysts alike, as such a significant dip in the Nasdaq index is a rare occurrence. Market volatility and external factors may be contributing to this sharp decline, underscoring the fragility of the current financial landscape. Investors are closely monitoring the situation, seeking to understand the underlying causes and potential ramifications of this downturn. The Nasdaq's historic performance underscores the importance of diversifying investment portfolios to mitigate risks during turbulent market conditions.