Retail investors weathered the August sell-off, and most are inclined toward a "buy the dip" strategy.

On August 5, 2024, the stock market experienced its worst day of the year as concerns about an economic recession were triggered by rising unemployment. The Dow Jones Industrial Average fell 2.6%, the S&P 500 index dropped 3%, and the Nasdaq Composite index declined 3.4%. Despite the panic in the market, retail investors did not follow the large-scale selling.