Markets mostly fell on Wednesday.
The STOXX Europe 600 fell 0.1 percent and the Nikkei 225 plunged 2.0 percent.
However, US investors were mostly undaunted. The S&P 500 was flat while the Nasdaq Composite rebounded 0.2 percent.
Chris Bertelsen, chief investment officer at Aviance Capital Management, said that tech stocks are just pausing to “refresh a bit”.
“However, it isn’t the end of the world,” he said, adding that “valuations aren’t totally out of control, they are on the high side.”
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