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Stocks Begin To Tank As Investors Eye The Feds Tightening, All Major Indices Below 200 dma
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The Nasdaq Composite is down 14% from its highs, but the Russell 2000 is worst, down over 18% from its highs S&P -8.1% from its highs and Dow -6.75%
This the 3rd straight weekly loss for the S&P (its longest weekly losing streak since Sept 2020) with every bounce hit hard. Nasdaq and Small Caps were the hardest hit this week with The Dow the best of a bad bunch. This was the worst week for Nasdaq Since March 2020, Russell 2000's worst week since June 2020, and S&P and Dow's worst since Oct 2020...
Nasdaq is now at its worst start to a year in at least 30 years
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