Traders Brace For a Tech Focused Friday
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QQQ (Nasdaq: QQQ), an ETF tracking the NASDAQ Index, fell 2 percent on Thursday as global markets slide following poor manufacturing data and new fears of bank runs in Europe. In the past five days, the ETF is down close to 4 percent.
Shares of Apple (NASDAQ: AAPL) have been leading the index lower, and it is down 6.4 percent during the same period. It is also worth noting that the sell off comes ahead of the Facebook IPO (NYSE: FB) tomorrow.
Many NASDAQ traders are looking to both of these names, Apple and Facebook, to lead the market tomorrow, as investors will be fully dialed into technology sector stocks.
Shares of Apple (NASDAQ: AAPL) have been leading the index lower, and it is down 6.4 percent during the same period. It is also worth noting that the sell off comes ahead of the Facebook IPO (NYSE: FB) tomorrow.
Many NASDAQ traders are looking to both of these names, Apple and Facebook, to lead the market tomorrow, as investors will be fully dialed into technology sector stocks.
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