AIFortune5 days ago
Wall Street dumped $1 trillion in tech stocks then rotated
3 min read
The Nasdaq Composite dropped more than 4% by midday before closing off just 1% as traders dumped high-beta names like Strategy, AppLovin, and chipmakers including Marvell. The market rotated into consumer staples and real estate, with Smucker jumping double digits and Home Depot and Sherwin-Williams leading.
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