1 Top Tech Stock That's Beating the Nasdaq Correction
All of a sudden, tech stocks are getting walloped.
The tech-heavy Nasdaq (NASDAQINDEX: ^IXIC) has sunk more than 10% in just three sessions, putting it in correction territory, while the sudden plunge in high-profile names like Tesla, Apple, and Zoom Video Communications has dragged down the S&P 500 and Dow Jones Industrial Average as well, which have fallen 7% and 5.5%, respectively.
While there was no specific news driving the high-growth sector lower, investors seemed to get jittery given the Nasdaq had climbed 34% prior to the recent pullbank, and news that Softbank had made billions of dollars in options bets on tech names only seemed to add to the skittishness.
Source Fool.com
