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‘Fear’ is rising in the stock-market and so is ‘dumb money’ confidence as tech stocks reach an inflection point

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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,
+0.94%

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

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