Why the Nasdaq Will Beat the Dow in 2023

Why the Nasdaq Will Beat the Dow in 2023

Of the three major U.S. stock indexes, the Nasdaq (NASDAQINDEX: ^IXIC) has had by far the worst performance thus far in 2022. All of them have rebounded notably from their 52-week lows, but the tech-heavy index is still down 27% year to date, while the Dow Jones Industrial Average (DJINDICES: ^DJI) is down by just 5% and the S&P 500 (SNPINDEX: ^GSPC) is off 14%. Tech stocks came into 2022 looking overvalued.