Market sell-off hits hard: Advisors say 'stay the course with an eye on buying'
Source: CNBC ·
As retail investors pulled money out of individual stocks, more than three-quarters of advisors in a CNBC flash poll said investors should check their allocation against their goals or stay invested.
From the source
Top financial advisors aren't urging clients to change their portfolios after Thursday's sharp market sell-off, even as retail investors were heavy sellers of individual stocks . In a Thursday flash poll of advisors from CNBC's Financial Advisor 100 and Financial Advisor Council , more than three-quarters of respondents said investors' first steps should be to check their allocation against their goals or stay the course. The online poll, conducted from 2:30 p.m. to 6 p.m. ET on Thursday, was sent to 121 firms and 38 responded. Retail investors sold individual stocks Thursday as technology stocks tumbled, and the Dow gave back its post-midterm election gains. The S&P 500 suffered its worst one-day drop since April 2025 on Thursday. Analysts linked the sell-off to fears of a data center construction slowdown following major Democratic election wins. The Nasdaq Composite tumbled 5.5%, closing more than 10% below its most recent high and putting it in what Wall Street regards as a…
BestAIBroker analysis
- Finance-aware sentiment: neutral (+0.00 on a -1 to +1 scale).
- Event classification: OTHER.
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