Nasdaq Rallies After $2.5 Trillion Tech Selloff — SkimNews
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- Nasdaq rallied as chip stocks recovered from brutal losses, while the broader losses from the tech selloff still outweighed the rebound.
- Tech investors braced for more pain after the stock market’s $2.5 trillion wipeout.
Why it matters: Chip stocks gained ground as the Nasdaq rebounded, but the $2.5 trillion selloff left losses larger than the recovery. Tech investors were still bracing for more pain, making the rally a partial recovery rather than a full reversal of the market’s decline.
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