Slump for tech stocks could open the door for tactical trades in fourth quarter, investors say

The tech trade lost some of its steam over the summer, and that could create opportunities for tactical trading in the fourth quarter, several investors told CNBC. The Nasdaq Composite rose 2.6% during the third quarter, lagging behind both the broader S & P 500 's gain of 5.5% and the small Russell 2000's jump of 8.9%. Nvidia and Microsoft , two stalwarts of the artificial intelligence trade, were down over the three-month period.

mountain Shares of Nvidia fell in the third quarter even as the broader market moved higher. Still, many investors are cautious of abandoning the tech trade completely even after a few bumpy months. "In the third quarter we definitely saw that rotation and some of the tech leaders lagging. In the month of September alone, though, it kind of reversed a bit. ...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 things to watch in the stock market Friday including a bullish call on Best BuyWall Street is on track for weekly gains, led by the tech-heavy Nasdaq Composite.
Source: CNBC - 🏆 12. / 72 Read more »

How Stocks Have Historically Performed Post ElectionStocks Analysis by ValueWalk (Dave Kovaleski) covering: Nasdaq 100, S&P 500, NASDAQ Composite. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Wall Street drifts as Oracle soars and banks and oil slumpU.S. stocks drifted to a mixed close following several weeks of sharp swings
Source: latimes - 🏆 11. / 82 Read more »

Stock Market Today: S&P 500 rebounds from last week's slump; inflation data eyedStock Market Today: S&P 500 rebounds from last week's slump; inflation data eyed
Source: Investingcom - 🏆 450. / 53 Read more »