There's no sugarcoating it: Times are tough in the stock market. The Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 are down 15%, 30%, and 21%, respectively, at he halfway point of the year. All of this can seem frightening, but bear markets are as natural as the seasons.
These highly innovative companies are incredible deals following a peak decline of 34% for the Nasdaq.
Shares of Pinterest (NYSE: PINS) were under pressure this week along with the rest of the market to end the worst first half of a year for stocks in over 50 years. For the sake of keeping score, the social media stock was down 13% on the week, the S&P 500 was down 2.2%, and the Nasdaq Composite was down 3.6%. During the first half of 2022, Pinterest has lost 50% of its value.