NASDAQ index approaches the February 2022 low

The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index continues to come under extreme pressure. The index is now down around 220 points or -1.71% at 12623.38. The move to the downside is approaching the February 24 low which bottomed at 12587.88. A move below that level would have the index trading at the lowest level since March 5, 2021 when the low price reached 12397.

Cathie Woods ARK Innovation is particularly under pressure as it trades at $52.50 down -$3.08 or -5.6% on the day. The price is trading at May 2020 levels, and down -67% from the February 2021 high, and down some -44% YTD.