The stock market began giving back some of Friday's gains on Monday, and in late-morning trading, 11:10 a.m. ET, the tech-heavy Nasdaq is down 1.1%, with semiconductor stock Nvidia (NASDAQ: NVDA) losing twice that -- 2.2%. Is there a reason Nvidia is going down so much more than the rest of the tech market? Investors in general seem upset by the continuing drumbeat of bad economic news -- rising inflation, rising interest rates, slowing growth in China, and a supply chain crisis that just doesn't seem to want to end.
U.S. stocks ended higher on Friday, paring some of the losses suffered over the week that saw volatile trading as investors feared that the Fed's aggressive stance to check inflation could push the economy into recession.
With the Nasdaq Composite index down roughly 27% this year as of this writing, several growth stocks have also seen significant correction. Let's discuss five such top stocks that look very attractive right now. The stock's market capitalization, which crossed $150 billion days after its listing, has fallen to $22 billion.