Joe Biden's economy.
US stocks crater as the Dow sheds 939 points and Nasdaq notches its worst month since 2008
The Nasdaq 100 index plunged in the Friday trading session, marking April as its worst month since the 2008 global financial crisis.
The technology-heavy benchmark declined 4.47% or 601.25 points to the 12,854.80 mark, its fourth-straight week of losses. Correspondingly, it skidded 15.20% or 2,304.78 points in the past month.
The index remained under pressure from rising rates, and mounting inflation, denting investors’ risk sentiment.
At the same time, the steep decline follows underperformance from large tech companies. For instance, streaming giant Netflix edged down 51.38% or 201.14 points over the last month.
Likewise, the leading e-commerce firm Amazon lost 26.18% or 881.30 points. Then, Facebook parent Meta Platforms plummeted 14.29% or 33.42 points.