Business
Why the explosive stock market rally is suddenly crumbling – Yahoo Finance Australia
It may be the right time to take profits in this ultra-hot stock market, experts tell Yahoo Finance.
A red-hot stock market may be starting to get crushed under the weight of its own inflated valuation.
Seemingly out of the blue, the Dow Jones Industrial Average tanked nearly 800 points on Thursday by early afternoon trading. More alarmingly, the Nasdaq Composite which has led the rally off the late February lows plunged about 4%.
Some of the sectors strongest-performers in recent months were walloped Thursday: Amazon (-5%), Apple (-7%), Microsoft (-5%), Tesla (-7%), Zoom (-11%), Square (-7%)…
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