Skip to content
Latest
NewsVideoPodcastsTrending
Sign inBitcoinEthereumAltcoinsDeFiNFTsRegulation
BeInCrypto

9 of the Last 10 Nasdaq Corrections Ended Higher in 6 Months. Will the Fed Allow It?

By Kamina Bashir

The Nasdaq Composite dropped 5.52% to 24,315 on Thursday and fell into correction territory. Chip stocks led the selloff after Democrats won both chambers of Congress and governor races in major data center states. The close left the index about 12% below its October 6 record. Past corrections mostly ended in…

Read Original Article

#Fed

Explained in this story

Federal Reserve

The central bank of the United States, which sets US interest rates and supervises banks.

Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.

More about Federal Reserve
Data centre

A facility that houses large numbers of servers and networking equipment to store and process data.

Data centres use large amounts of electricity and water, which makes their location a local and climate issue.

More about Data centre

From the blog