Market sell-off hits hard: Advisors say 'stay the course with an eye on buying' — SkimNews
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- S&P 500 dropped 4.4% on Thursday, marking its worst single-day decline since April 2025, amid concerns over a potential data center construction slowdown.
- Nasdaq Composite fell 5.5%, closing more than 10% below its recent peak and entering correction territory, driven by steep losses in tech stocks.
- Dow Jones Industrial Average lost over 1,800 points, or 3.4%, erasing its post-midterm election gains as investor sentiment turned sharply negative.
- Financial advisors from CNBC's Financial Advisor 100 and Financial Advisor Council overwhelmingly advised clients to maintain their current portfolios or review allocations, not react to market swings.
- Andy Pratt of Burney Wealth Management highlighted that ongoing 401(k) contributions allow dollar-cost averaging, enabling investors to buy at lower prices during downturns.
- Dan Moisand, a CFP at Moisand Fitzgerald Tamayo, emphasized that long-term resilience has historically been more profitable than attempting to time the market.
Why it matters: The market drop wiped out recent gains and triggered retail selling, but advisors are steering clients away from panic moves. Staying invested during corrections has historically led to stronger returns, making emotional discipline a material factor in portfolio outcomes.
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