It’s been a rough few weeks for the S&P 500 as well as other major American economic indicators. The S&P 500 hit its lowest level in four months on Tuesday, erasing its election gains. The tech-heavy Nasdaq Composite index is struggling to a similar degree, down almost 6% in the past six months.
While most traders prefer bull markets, bear markets present unique price opportunities that long-term investors can take advantage of to build a more price-efficient portfolio. This dip in tech stock prices may be especially inviting for anyone looking to snatch up stocks making waves in the microchip and AI industries currently dominating the news cycle. These four major tech ETFs, trading near 50-day lows, could be worth considering for long-term portfolio goals.
