Tech rout sparks search for value | Reuters
By Rodrigo Campos and Chuck Mikolajczak | NEW YORK NEW YORK The "sell in May" memo arrived a bit late in some investors' inboxes this year.A technology sector rout extended to its second trading day on Monday, with the Nasdaq Composite on track for its biggest two-day loss since September. The tech selling dragged down all three major indexes, causing concerns of wider bearishness in equities. "We're having a hard time deciding whether it's really a tech-specific sell-off or if this is a valuation pullback, so we're just holding pat right now," said Scott Goginsky, a co-portfolio manager of the Biondo Growth Fund.
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| Reuters appeared first on Firstpost.