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Nasdaq, tech stocks at a massive risk of selloff: Citi

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Nasdaq, tech stocks at a massive risk of selloff: Citi

U.S. technology stocks could come under significant pressure as investors continue to de-risk their portfolios ahead of new economic data, Citi strategists said in a Tuesday note.

In the U.S., indexes began to rise again as investors unwound short positions. Still, despite prices stabilizing, the trend of de-risking persisted.

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