One Promising Stock To Buy After A Rough Month

One Promising Stock To Buy After A Rough Month

The stock market endured some heavy selling early in the week, as the mixed close on Monday led to an afternoon plunge on Tuesday. The Nasdaq Composite closed Tuesday down 2. 8%. There were clear technical signs before Tuesday's higher open that the correction was not over. The sharp increase in yields was another catalyst. The percentage declines in the market averages on Tuesday were the worst since March and May. For the week the Nasdaq 100 was the big loser, down 3. 5%, and it could have been worse: Nasdaq reached a low of 14555 (down 5. 5%) on Friday before rebounding. The S&P 500 and Dow Jones Utility Average were both down 2. 2% for the week. The Dow Jones Industrial Average lost 1. 4% but the iShares Russell 2000 (IWM) was only down 0. 4%. For the month, the damage was the largest for the Dow Jones Utility Average, which was down 6. 5% but the Nasdaq 100 along with the Dow Jones Transportation Average were not far behind down 5. 9% and 5. 6% respectively. All of the markets were lower for the month, with IWM holding up the best, down just 2. 7%. The news