The Nasdaq sheds all of its gains for 2018, as stock market comes under pressure
The Nasdaq Composite Index on Monday gave up all of its gains for 2018, marking a stunning reversal of fortune for the index that has represented risk appetite on Wall Street throughout the market's brisk rally to records. The Nasdaq [c: COMP] closed off 2.7% at 6,870. The Nasdaq joins the Dow Jones Industrial Average and the S&P 500 index , which turned negative for the year in the face of last month's sharp selloff. The Dow is down 4.8% for the year and the S&P 500 is off 4.2% so far in 2018. The Nasdaq is now down 0.4% thus far this year.