By: Economic & Finance Report
The Nasdaq Composite fell the most in the 11 months that it has be adhered to. Tech stocks were the driving force behind the Nasdaq falling so violently. The better known tech and bio tech stocks were the stocks that fell so abruptly.
Momentum stocks took the heat which indicated other uptrending stocks were going to follow suit. Many investors also pulled their positions and money when they witnessed stock indexes reclining and pulling back around certain support levels. -SB