The stock market recently experienced one of its worst weeks since the onset of the COVID-19 pandemic in 2020. The Dow Jones Industrial Average dropped significantly, the Nasdaq 100 entered a bear market, and the S&P 500 lost nearly 6%. This historic two-day plunge wiped out over $5 trillion in market capitalization. Investors are now left wondering what steps to take next. Financial experts advise against panic selling, suggesting that historical trends show markets generally recover over time. Instead, they recommend focusing on portfolio diversification, considering safe-haven assets like consumer staples, gold, and Treasurys, and resisting the urge to engage in risky trading strategies. Additionally, maintaining a cash reserve can provide stability during volatile periods.
— new from Business Insider
