Market Sell-Off Hits Hard: Advisors Say 'Stay the Course with an Eye on Buying'
- On Thursday, the Nasdaq Composite fell 5.5%, its worst day since April 2025, while the Dow fell more than 1,800 points, or 3.4%, as retail investors sold individual stocks.
- Analysts linked the sell-off to fears of a data center construction slowdown following major Democratic election wins, placing the Nasdaq Composite more than 10% below its most recent high.
- In a Thursday flash poll, advisors from CNBC's Financial Advisor Council said more than three-quarters of respondents recommended checking allocation against goals or staying the course.
- Andy Pratt, director of investment strategy at Burney Wealth Management in Reston, Virginia, said market declines allow dollar-cost averaging, noting investors enter at better prices when selling occurs.
- Certified financial planner John Mullen of Parsons Capital Management in Providence, Rhode Island, advised "stay the course with an eye on buying," while Carolyn McClanahan of Life Planning Partners in Jacksonville, Florida, tells clients to "tune out the rest of the noise.
24 Articles
24 Articles
After losing 2% in midday, the Brussels Stock Exchange finally lost 0.32%. ...
Market sell-off hits hard: Advisors say 'stay the course with an eye on buying'
As retail investors pulled money out of individual stocks, more than three-quarters of advisors in a CNBC flash poll said investors should check their allocation against their goals or stay invested.
After significant price declines in some stocks, there are signs of a slight recovery. However, retail investors are more cautious about these recent declines.
European equities are retreating at a time when a global sales wave has intensified, concluding a difficult week for investors facing a hazy state of artificial intelligence shares.
Pressure on Greek stocks against the backdrop of international stock market turmoil - The General Index falls below 2,600 points - Investors also turn their attention to Fitch's rating
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