Tuesday, 11 May 2021

Nasdaq plunges, tech stocks see “aggressive selling”

Markets were mixed on Monday.

The S&P 500 fell 1.0 percent, European markets were mixed while Asian markets rose.

Tech stocks were the biggest losers on Monday, with the Nasdaq Composite plunging 2.5 percent.

Adam Crisafulli, founder of Vital Knowledge, noted that the technology sector “is seeing aggressive selling and accumulating technical damage as prices breach key levels”.

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