Advertisement
UK markets open in 4 hours 44 minutes
  • NIKKEI 225

    37,915.90
    -45.90 (-0.12%)
     
  • HANG SENG

    16,318.23
    +66.39 (+0.41%)
     
  • CRUDE OIL

    82.78
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,383.90
    -4.50 (-0.19%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • Bitcoin GBP

    49,552.76
    -1,902.38 (-3.70%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    15,683.37
    -181.88 (-1.15%)
     
  • UK FTSE All Share

    4,273.02
    +12.61 (+0.30%)
     

Stock Market Sell-Off: Is Airbnb a Buy?

Stock Market Sell-Off: Is Airbnb a Buy?

The Nasdaq Composite posted a sizable 33% loss in 2022, its worst annual performance since the depths of the Great Recession in 2008, when the widely followed index shed nearly 41% of its value. What's encouraging for investors is that the Nasdaq is up 12% so far this year. Innovative travel company Airbnb (NASDAQ: ABNB) is up 35% in 2023, despite being down 20% since its initial public offering.