The market retreat pulled the tech-heavy Nasdaq Composite down 5.5% into correction territory, while the S&P 500 sank 4.4% in its steepest single-day drop since April 2025. Despite the downturn, a CNBC flash poll of 38 advisory firms found that over three-quarters advised clients to stick with their current strategies or simply review asset allocations against target goals. Professionals emphasized that regular 401(k) contributors naturally capitalize on dollar-cost averaging when acquiring cheaper shares. Although Nasdaq futures indicated an early Friday rebound led by chip stocks, experts reiterate that adhering to a long-term plan outperforms market timing.
Key points
Investors should resist hasty portfolio moves and maintain their long-term customized fin…: Investors should resist hasty portfolio moves and maintain their long-term customized financial plans.
Regular contributors to 401(k) plans can take advantage of dollar-cost averaging by buyin…: Regular contributors to 401(k) plans can take advantage of dollar-cost averaging by buying equities at discounted prices.
Heightened emotional panic during sharp drops should be treated as a signal to re-evaluat…: Heightened emotional panic during sharp drops should be treated as a signal to re-evaluate individual risk tolerance rather than an excuse to time the market.
Sources checked by our analysis pipeline: 1
Top financial advisors aren't urging clients to change their portfolios after Thursday's sharp market sell-off, even as retail investors were heavy sellers of individual stocks.
In a Thursday flash poll of advisors from CNBC's Financial Advisor 100 and Financial Advisor Council, more than three-quarters of respondents said investors' first steps should be to check their allocation against their goals or stay the course. The online poll, conducted from 2:30 p.m. to 6 p.m. ET on Thursday, was sent to 121 firms and 38 responded.
Retail investors sold individual stocks Thursday as technology stocks tumbled, and the Dow gave back its post-midterm election gains. The S&P 500 suffered its worst one-day drop since April 2025 on Thursday. Analysts linked the sell-off to fears of a data center construction slowdown following major Democratic election wins.
The Nasdaq Composite tumbled 5.5%, closing more than 10% below its most recent high and putting it in what Wall Street regards as a correction. The broad-market S&P 500 lost 4.4%, while the Dow fell more than 1,800 points, or 3.4%.
Market participants are observing upward momentum in the company's equity during the current trading session. While the shares are trending higher, specific operational or corporate drivers behind the move remain under evaluation. Additional information concerning the precise catalysts for this positive movement is currently awaited.
Shares of the technology firm are demonstrating strong positive trading momentum during today's session. Investors and market watchers are actively observing this upward price movement as trading unfolds across the market. The sudden surge draws attention to the company's immediate performance in current market conditions.