On the day:
S&P 500 -3.6% worst single day since June 2020. Lowest close since May 2021
Nasdaq -4.3%
DJIA 2.8%
Russell 2000 -2.9%Toronto TSX Comp -1.7%
Amazon was down 14% in its worst day since 2006.
On the week:
S&P 500 -3.3%
Nasdaq -3.9%
DJIA -2.5%
Russell 2000 -4.0%
On the month:
S&P 500 -8.8% — worst monthly drop since March 2020
Nasdaq -13.3% — largest monthly decline since 2008
DJIA -4.9% — worst monthly drop since March 2020
On the year, the Nasdaq is now down 21.2%. With that as a monthly close, it’s a bear market in tech stocks.
Drawdowns in big-cap tech:
AAPL 13.2%
MSFT 18.7%
GOOGL 23.6%
TSLA 29.0%
AMZN 34.1%
NVDA 44.2%
FB 47.4%
NFLX 72.3%