Highflying technology stocks have seen extreme swings in recent trade and investors are wondering what’s ahead for a category of equities that have helped to propel the broader market and the Nasdaq Composite Index from out of the depths of the coronavirus crisis.
Despite a rebound in the Nasdaq Composite
COMP,
on Tuesday, the reverberations of a historic Monday reversal in the technology-laden index were still being weighed for the potential to signal whether a powerful uptrend for tech and tech-related stocks was petering out.
Indeed, after rallying just under 2% to an intraday record high on Monday, the Nasdaq closed 2.1%…
Source marketwatch.com