The Nasdaq has slipped into correction territory as it suffers its third consecutive day of losses, falling 4.1% yesterday alone, bringing its total losses in excess of 10% since last week’s record high, the worst sell-off since March.
Tesla led the turmoil as it 21% in a single day and saw $82bn wiped off its valuation, equivalent to the value of Morgan Stanley. Across the FAANGs, Facebook, Apple, Amazon, Netflix and Google fell...
Sanlam Income Study
Latest figures from IA
Fund managers see 'signs of a tentative recovery'
Timing market "invariably pure luck"
Active funds took 'brunt of selling' during the month
Pension boost from lockdown pain
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Made 12 acquisitions in 2020