Last week, the Nasdaq broke below its weekly 200-day moving average for the first time since 2008. The index, comprising some of the best tech stocks in the world, is on a free fall since January 2022. This could be a big opportunity for Indian investors to take exposure when it’s available at a low valuation of 25x, and also because the US dollar is on the rise. Last year, the index was trading at a PE multiple of 29x. The tech index tends to
Business News›Prime›Markets›Nasdaq 100 is on a free fall. Should Indians invest in Apple, Google, Tesla, or index funds?
Investing
Nasdaq 100 is on a free fall. Should Indians invest in Apple, Google, Tesla, or index funds?
Synopsis
On a YTD basis, the Nasdaq is down 33% against S&P 500's 23% decline. While experts see this as a great opportunity, they feel investors need to be patient as the current outlook for US equities is bleak. But should the investment strategy be stock-specific or index-based?
Refer & Earn
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
