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(FILES) In this file photo taken on March 29, 2019 The Lyft logo is shown on the screen at the Nasdaq offices in Times Square in New York.
don emmert/Agence France-Presse/Getty Images
It’s been quite a bruising for technology sector these last few sessions.
There have been only six previous times when the Nasdaq 100 NDX, -4.76% has entered a correction in just three days, according to Bespoke Investment Group.
The good news is, the market has done well after most of the previous episodes, as this table shows.
Bespoke Investment Group
Granted, most of these episodes happened during the tech bubble, and before that, the big sell-off in 1987, with neither situation being a particularly enviable comparison.
On Tuesday, the Nasdaq Composite COMP, -4.11% lost 4.1%, to take losses to 10% over three days, as Tesla TSLA, -21.06% collapsed by 21%. The broader S&P 500 SPX, -2.77% tumbled 2.8%.
