The growth stock market has experienced notable volatility, with the Innovator IBD 50 ETF ($FFTY) declining by 12.3% for the week and 6% on the latest trading day. This marks a 13% correction over the past four days, the largest drop since 2022. The small-cap Russell 2000 index also fell by 3%, struggling to maintain its position above the 50-day moving average. Other growth stocks faced substantial losses, including Palantir Technologies ($PLTR), which dropped 24%, and Robinhood Markets ($HOOD), which fell by 22%. The broader market indices also saw declines, with the S&P 500 ETF ($SPY) down 2.3% and the Nasdaq-100 ETF ($QQQ) down 2.9%. Notable declines among major tech stocks included Apple ($AAPL) down 5.8%, Meta Platforms ($META) down 8%, and Tesla ($TSLA) down 31.1%. Investors are responding to the downturn by increasing cash positions, with reports of some raising up to 60% cash in swing trading accounts.