CNBC: Nasdaq drops into correction territory

What happened

CNBC reported Nov 5, 21:57 UTC that the Nasdaq has dropped into correction territory. The article framed the move as putting the Nasdaq’s history of recoveries in focus. CNBC's summary concluded with the line "Here's what history shows."

Indices market context

Finnhub shows prices and moves measured from the prior close as of Nov 5, 21:00 UTC. The SPY ETF (tracks S&P 500) was $733.00 and fell 4.41%; the QQQ ETF (tracks Nasdaq 100) was $647.05 and fell 6.49%; the DIA ETF (tracks Dow Jones Industrial Average) was $514.27 and fell 3.53%. The IWM ETF (tracks Russell 2000) was $270.98 and fell 4.59%; the EWG ETF (tracks DAX 40) was $42.75 and fell 1.72%; the EWU ETF (tracks FTSE 100) was $47.89 and fell 2.13%; the EWJ ETF (tracks Nikkei 225) was $88.26 and fell 5.97%; the VIXY ETF (tracks CBOE Volatility Index) was $21.22 and rose 29.71%.

Related coverage

Yahoo published "Nasdaq Stock Market Correction: History Says This Is What Happens Next" and noted that the Nasdaq Composite is officially in correction territory. Yahoo also published "Update: Nasdaq Enters Correction Territory Amid Data Center Anxiety; Nvidia Tumbles Over 9%," an item described as an update with market moves at the end of the day.

• Nasdaq drops into correction territory — here’s what typically happens next — CNBC, Nov 5, 21:57 UTC
• Nasdaq Stock Market Correction: History Says This Is What Happens Next — Yahoo, Nov 5, 21:39 UTC
• Update: Nasdaq Enters Correction Territory Amid Data Center Anxiety; Nvidia Tumbles Over 9% — Yahoo, Nov 5, 21:38 UTC
• If You Invested $1,000 in Tesla at Its 2010 IPO, Here’s What You’d Have Today — Yahoo, Nov 5, 19:17 UTC
• Why GM and Hilton Are Moving to the Nasdaq From NYSE — Yahoo, Nov 5, 18:37 UTC

What to watch

The bls has scheduled the Employment Situation for Fri Nov 6, 13:30 UTC; the release is listed as a high‑importance macro event and is scheduled to be observed at that time.

• Fri Nov 6, 13:30 UTC — Employment Situation (US) (source)

Sources and data

• CNBC (secondary source) — Nasdaq drops into correction territory — here’s what typically happens next
• Yahoo (secondary source) — Nasdaq Stock Market Correction: History Says This Is What Happens Next
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar
• Bank of England (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 5, 21:00 UTC; report generated Nov 5, 22:51 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.