The Nasdaq Just Hit Correction Territory: You Won't Believe What Stock Is At a 52-Week Low

It's official. Thanks to Monday's plunge, the Nasdaq Composite has suffered an official correction -- a pullback of at least 10% from its previous peak. As of Monday's close, the index is down a little more than 13% from February's peak and down just a hair more from December's all-time high.And the sweeping move is dragging a lot of stocks lower with it.Already underperforming, Microsoft (NASDAQ: MSFT) stock is one of its victims. It's not only down nearly 19% from last July's peak but now trading at a new 52-week low. It's a shockingly poor performance from one of the so-called "Magnificent Seven" stocks that led the marketwide bullish charge of 2023 and the first half of 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool