The S&P 500 is down a hefty 15 points to 1873 today but that’s nothing compared to the 2.3% beating in the Nasdaq. The tech index is testing a key technical level. It fractionally dipped below but not definitively.
Nasdaq chart
It’s the worst day for tech since March 3 but before you jump to conclusions about a collapse. Note that in early March, it looked just as bad. One difference is that worries about Ukraine were hitting at that time. This time it’s more about the economy and valuation.
