All of Europe was up last night. I heard it was because Brexit...

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    All of Europe was up last night. I heard it was because Brexit will be slowed down due to UK hung parliament. Maybe the fear of disruption caused by the UK election has now passed, so stocks could continue the rise that would have happened if not for the election interruption? Repeating the recent pattern of sell the rumour, buy the fact.

    Nasdaq 100 fell 1.8% last night.

    From MarketWatch:

    "The Nasdaq Composite Index COMP... sank 113.85 points, or 1.8%, to close at 6,207.92. The sudden tech retreat pushed the Nasdaq into negative territory for the week with the tech-heavy index closing down 1.6%.

    Apple Inc. AAPL... sank 3.9% in its biggest one-day drop since January 2016...
    Facebook Inc. FB... skidded 3.3%,
    Alphabet Inc.GOOGL... the parent of Google, lost 3.4%,
    Microsoft Corp. MSFT... dropped 2.3% and
    Amazon.com Inc. AMZN... shed 3.2%.


    “All these stocks have hit new highs recently, so now people are taking a pause and we’re seeing the money flow out,” said Doug DePietro, managing director for trading at Evercore ISI. “There’s nothing in the news that’s saying, ‘sell the big tech stocks’; this is just simple profit-taking, a rotation to other names.”

    The tech sector’s tumble also follows a warning from Goldman Sachs that highfliers such as Facebook, Amazon, Apple, Microsoft and Alphabet—which had significantly contributed to the market’s multimonth rally—may be overextended."


    http://www.marketwatch.com/story/us...stors-weigh-up-uk-election-results-2017-06-09
    Last edited by LeeKing: 10/06/17
 
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