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Hedge funds are dumping tech stocks, especially chip names, heading into the second half

Pelican Press

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Hedge funds are dumping tech stocks, especially chip names, heading into the second half

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as the most valuable company in the U.S. last week. The stock fell about 6.7% Monday, adding to its 4% decline last week that snapped an eight-week winning streak. While hedge funds dumped tech names, they were rotating into financial stocks for a second straight week and at the fastest pace since December, Goldman said. The S & P financial sector is up 10.5% this year, underperforming the S & P 500, which has gained more than 14% year to date.





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Investment strategy,Stock markets,Goldman Sachs Group Inc,business news
#Hedge #funds #dumping #tech #stocks #chip #names #heading

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