The Nasdaq Composite ($NASX) is a heavyweight in the world of stock indexes, tracking the performance of over 3,000 companies spanning various sectors, with a heavy dose of technology, biotech, and communications, in particular. But, like any high roller, it has its ups and downs.
In September 2023, the Nasdaq experienced its worst month of the year, dropping by 5.8%. It was the punctuation mark to a generally dismal third quarter, with the Nasdaq swallowing a 4.1% overall decline.
