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


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

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%…


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