Dow Jones Soars Hundreds of Points as Tech Stocks Stumble
NEW YORK, New York - U.S. stocks were fragmented Tuesday with the Dow Jones rising hundreds of points, while the Nasdaq Composite floundered.
Influencing the tech sector was an announcement by SoftBank that it had sold off its entire Nvidia holding for $5.83 billion.
"These tech companies, they're cash flow machines," Bill Fitzpatrick, portfolio manager at Logan Capital Management, told CNBC Tuesday