The NASDAQ index is now down -5.42%. That takes the percentage loss to the highest since the 2020 pandemic. In 2022 the index fell -5.16%. In June 2020, the index fell -5.27%.
At the start of the pandemic in 2020 the index fell -12.32% on March 16. That decline far outpaced any other daily laws going back to at least 2013..
So today would be the third worst day going back to the pandemic and going back to 2013 (there was a 9.43% decline on March 12, 2020. Looking at the daily chart, the move up from the October 2023 low targets the 50% midpoint at 16374.22. Below that, the low from August 5 which tested the 200 day moving average at the time reached 15708.54.
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