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Nasdaq Sees Worst Day Since 2011 on Technology Sell-off

Nasdaq Sees Worst Day Since 2011 on Technology Sell-off (Bloomberg)

Stocks fell today, with the Nasdaq experiencing its worst session since 2011, as investors took profits by selling tech shares, among others. “The market is very skittish,” David Pavan, a portfolio manager at ClariVest Asset Management LLC in San Diego, California, said. “You see very sharp love and hate on a day-to-day basis. Today is a very strong preference for cheap stocks. Higher growth stocks get really hit hard.”

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