Sunnier Disposition: After Three-Day Slide Sends Tech Into Correction, Buyers Reappear

SourceForbes
SectorFinancial Markets
CountrySaudi Arabia

Getty Images Getty Images Key Takeaways: Tech stocks have positive tone this morning after 10% correction in three days Crude bounces back slightly but remains near three-month lows posted Tuesday Focus could be on vaccine news after AZN halted its Covid study In the department of market cliches, we’ve moved from last week’s “Tech wreck” to this week’s “oil spill,” though there was a nice bounce last night. Actually, fans of the first term can still use it, because when everything from yesterday’s ugly session gets added together, Tech still held the honor of worst-performing sector, even though Energy gave it a run for its money. The FAANMGs—FAANG stocks plus Microsoft MSFT (MSFT)—took a ...read more...