Tech stocks finished in the read amid a broader market sell-off as investors failed to get behind the plan. Chip stocks retreated from a strong start that had been fueled by news that Intel planned to invest $7 billion in U.S. facilities. The technical picture is not that bad. The NASDAQ-100 index fell on mild profit-taking that will not last long.
Wednesday, February 11, 2009
QQQQ plunged as as investors dumped stocks
Tech stocks finished in the read amid a broader market sell-off as investors failed to get behind the plan. Chip stocks retreated from a strong start that had been fueled by news that Intel planned to invest $7 billion in U.S. facilities. The technical picture is not that bad. The NASDAQ-100 index fell on mild profit-taking that will not last long.
