(Bloomberg) — Thursday’s megacap tech selloff is likely just some froth coming off a hot market rather than a portent of a larger pullback to come.That’s the view of most market participants after the tech-heavy Nasdaq 100 suffered a 5.2% decline, its worst since March. Profit taking after a good run, seems to be the consensus explanation. Robust purchases of downside hedges, the possibility for positive news on the U.S. labor market and the potential for longer-term earnings growth, all suggest technology shares can remain supported.Here’s the views of some market participants on the selloff:Jobs and a Holiday“Yes, today was …read more
Source:: Yahoo Finance
