Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
via fortune.com
Short excerpt below. Read at the original source.
Today, the Nasdaq Composite looked like a V: down more than 4% by lunchtime, closing off just 1%. Nobody knows exactly why. Around noon, the AI jitters came back, and traders dumped the highest-beta names—the frothiest, most volatile stuff, like Strategy (MSTR), the leveraged bitcoin vehicle that had popped Monday; AppLovin (APP); the photonics maker […]