‘Buy the dip’ investors power up rebound in Nasdaq 100
Buy the Dip, a common phrase among stock market investors was at its full peak during the trading hours on Monday. The rebound in stock prices witnessed yesterday in the US stock market is being considered to be bigger than what was seen since the bottom hit in the pandemic bear market. Long-term investors keep looking for such intra-day opportunities in the market when stock prices correct big-time. The tech-heavy index Nasdaq 100 was down by about 3 percent intra-day but finished 0.14 percent in the green. Some of the top performers were Moderna, Zscaler, Intel, Fortinet, Splunk, Atlassian, Tesla, Adobe, and Regeneron Pharmaceuticals, amongst others. Nasdaq 100 is down by 4.09 percent over the last 5 days and 1.89 percent over the last 1 month. If you are looking to invest in the US market and especially want to take advantage of the intraday movements, buying an exchange-traded fund (ETF) could be the better way out. ETF is a sort of variant of a mutual fund and tracks a specific in...