Nasdaq falls after markets open
The Nasdaq Composite index fell more than 2% in early trading on October 28th, after markets opened for the first time since the UK voted to leave the European Union. The tech-heavy index fell by more than 140 points, a fall of 2.2%, before recovering slightly to be down 1.6% at 9:15am BST.
The Nasdaq was one of the worst hit of all major US indexes, but it wasn’t alone in falling. The Dow Jones Industrial Average and S&P 500 also fell by 1.5% and 1.7% respectively.
Why is Nasdaq down today?
“Nasdaq falls after markets open”
In general, stock markets fall when there is uncertainty about the future or when they are overvalued (when investors are too optimistic about future growth). This is because investors tend to sell shares if they think that prices will fall in order to protect their investments.