Recession fears fueled by runaway inflation and rising interest rates caused the stock market to plunge this year. The Nasdaq Composite is about 35% off its peak, which means the tech-heavy index has traveled deep into bear market territory. For instance, Shopify (NYSE: SHOP) and DigitalOcean Holdings (NYSE: DOCN) have lost roughly 85% and 74% of their value, respectively, putting both stocks near a 52-week low. Read More...
Recession fears fueled by runaway inflation and rising interest rates caused the stock market to plunge this year. The Nasdaq Composite is about 35% off its peak, which means the tech-heavy index has traveled deep into bear market territory. For instance, Shopify (NYSE: SHOP) and DigitalOcean Holdings (NYSE: DOCN) have lost roughly 85% and 74% of their value, respectively, putting both stocks near a 52-week low.
