Cetera Weekly Recap
Worst Nasdaq Annual Start Since 2008
Equities Plunge Most Since 2020 The S&P 500 suffered its worst weekly loss since the COVID-19 pandemic selloff in March 2020. The benchmark index capped its third-straight weekly loss and ended Friday below its 200-day moving average for the first time since June 2020. With prospects rising for a faster-than-expected Federal Reserve rate liftoff, the sell-off on the tech-heavy Nasdaq Composite was even worse, skidding nearly 7.6% during the MLK, Jr. holiday-shortened four-day trading week.
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