The Nasdaq Sells Off, and a Look Ahead to Earnings Season

By Chris Hill – Oct 8, 2013 at 5:39PM

NASDAQINDEX: ^IXIC

NASDAQ Composite Index

Market Cap

Today's Change

(1.59%) $245.33

Current Price

$15,696.64

Price as of April 23, 2024, 5:15 p.m. ET

Earnings season kicks off, and tech stocks sold off big today.

The following video is from Tuesday's episode of Investor Beat, in which host Chris Hill and Motley Fool analysts Matt Argersinger and Bryan Hinmon dissect the hardest-hitting investing stories of the day.

While the Dow and the S&P 500 both pulled back today, it was the Nasdaq's sell-off that really caught some attention. While the tech sector had been enjoying a good run in 2013, it was hit hard today, as the debt-ceiling deadline on Oct. 17 draws nearer. In today's lead story on Investor Beat, Matt and Bryan talk about whether investors were right to take some money off the table, and who really needs a home run now that earnings season has officially kicked off.

Bryan Hinmon, CFA, Chris Hill, and Matthew Argersinger have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Tesla Motors. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.