The Nasdaq and the S & P 500 are each on pace for declines of about 2.5%.
Some stocks hit by this week's losses have become oversold — and could be due for a bounce.
Align Technology , another company that has taken a heavy beating to its stock price this week, could also be due for a comeback, based on analysts' price targets.
The company's third-quarter results fell short of analysts' expectations , and a slate of analysts cut their price targets following the release.
Analysts covering the stock forecast a 4.6% upside for the company's stock price, and less than 30% rate it a buy.
Persons:
bode, Kevin Caliendo, Tesla, Henry Schein, Lockheed Martin, RTX, Greg Hayes, — CNBC's Michael Bloom
Organizations:
Tesla, Moderna, Nasdaq, Dow Jones, CNBC, Technology, UBS, Southwest Airlines, Aerospace, Lockheed, Dollar, Dwight, Marathon Oil, Allstate
Locations:
Covid, Ukraine, Israel