by Wolf Richter
Wolf Street
Nasdaq fell 2.05%, back to where it had been in September 2021. We have some new WTF Charts of the Year.
The Nasdaq Composite fell 2.05% today to 15,282, back to where it had first been in September 2021. Since the all-time high on March 21 of 16,538, it has dropped by 7.6%.
Seems, the AI and semiconductor hype-and-hoopla show got interrupted somehow, or maybe it got too silly and people just started walking out of it. Some of the biggest names in that show plunged today – and we’ll get to a few in a moment.