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Fast-Money Systematic Funds Stoked $2.3 Trillion Tech-Stock Rout

· bloomberg.com · popularity 36/100 · 0 similar stories today

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Summary

As investors rushed out of US technology stocks on Thursday, selling by trend-following systematic strategies amplified what quickly became a record plunge by market value in the Nasdaq 100 index.

Found in: Bloomberg Markets. Rating basis: single outlet; outlet tier 5; 1 feeds; feed position 14.