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When the Nasdaq has had as ugly a start to September as it just had, it has always finished the month lower

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Technology stocks got wrecked Tuesday on Wall Street, and that bodes ill for the rest of the month, according to Dow Jones Market Data.

The decline in the Nasdaq Composite Index
COMP,
-4.11%

pushed the tech-heavy index into a correction, commonly defined as a drop of at least 10%, but no more than 20%, from a recent peak, and reaffirmed the bearish view that tech-related stocks had mounted too brisk a run-up in the aftermath of the worst public-health crisis in a century.

Tuesday’s bitter slump, resulting in a 4.1% drop for the Nasdaq Composite, marked the worst start to the index in September, a notoriously weak month for U.S….



Source marketwatch.com

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