Jefferies Desk Was Net Seller of Tech Stocks by More Than $1 Billion
Photo: TokenPost
Jefferies’ equity trading desk was a net seller of technology stocks by more than $1 billion over the past 10 trading sessions. Client selling in the technology sector was unusually heavy and persistent. The market backdrop also included a 6% decline in the Nasdaq Composite from its record high. Technology stocks had also faced pressure during the Oct. 13 trading session , when U.S. indexes lacked a clear direction. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
