The Nasdaq Just Hit Correction Territory: Can Buying This Safe Stock Today Set You Up for Life?

The tech-laden Nasdaq Composite index is having a forgettable 2025 so far as it recently entered correction territory following remarkable gains in 2023 and 2024 thanks to catalysts such as artificial intelligence (AI).Investors have apparently been booking profits in high-flying tech stocks amid economic uncertainty arising out of the tariff-induced trade war, a decline in consumer confidence in February, and a tepid February jobs report. These factors have sent the Nasdaq Composite down by more than 13% from its most recent high on Dec. 16, 2024.A stock market correction refers to a drop of 10% to 20% in a major index. So, the Nasdaq is firmly in correction territory as of this writing, and some of the top names in this sector have also taken a beating. It remains to be seen how long this correction is going to last and if a bigger drop is on the way. However, investors should note that such corrections can create opportunities to buy top stocks on the cheap.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool