Y2K is again in a giant method within the vogue world, however historical past isn’t simply repeating itself on the runway. The inventory market seems to be nostalgic for the early 2000s, as it’s as soon as once more turning its again on tech.
There have been few locations for buyers to cover on this 12 months’s massacre, however these uncovered to the tech-heavy Nasdaq Composite index undoubtedly had it the worst. By way of the shut Friday, the final buying and selling day of the 12 months, the Nasdaq had plummeted 33.1% in 2022, falling 8.7% up to now month alone.
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