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  • a tale of two markets Tuesday, the NASDAQ slid further amid a sector rotation that favorite blue chip stocks.

  • Investors picked up stocks that suffered during the health crisis, such as energy industrials and consumer staples, and unloaded high flying stocks of tech and communication services companies that had benefited from the lockdowns and social distancing.

  • The NASDAQ extended Monday's decline, falling 1.4%.

  • The S and P 500 shed a fraction, but the Dow added nearly 1%.

  • O Neill Global Advisors chief investment officer Randy Wants says Look for some choppiness ahead.

  • It doesn't seem like this rotation is done yet.

  • I think normally when there's a rotation in the market that tends to cause volatility and when the old leaders fail, that can cause some issues.

  • Weighing heavily on the NASDAQ Tech titans that boom during the work from home trends such as Microsoft and Amazon, which declined more than 3%.

  • Apple shares also slipped after the IPHONE maker introduced its first Mac book air notebook computer with a microprocessor that it designed in house, shifting away from reliance on Intel's technology.

  • Shares of Ulta Beauty shot up 7%.

  • Investors welcomed the cosmetic store chains long term deal with Target that will allow it to open its own stores inside the big box retailers outlets.

a tale of two markets Tuesday, the NASDAQ slid further amid a sector rotation that favorite blue chip stocks.

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B2 nasdaq rotation tech microprocessor mac book cosmetic

Tech stocks drag down Nasdaq

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    林宜悉 posted on 2020/11/11
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