After the stock market’s dismal performance in 2022, investors are savoring this year’s rally. The Nasdaq Composite Index surged 33% higher in the first half of the year, though the growth-oriented index seems to have stalled out since.
While both the S&P 500 and Dow Jones Industrial Average remain in positive territory for July and August, the Nasdaq Composite is down over 1%.
While that still places it well above the performance of its brethren for the year, the index remains almost 15% below the record high hit in November 2021. Sitting that far down means it is in a correction. It also means there are value stocks to buy on the dip.
This post appeared first on InvestorPlace.