LIVE MARKETS-Retail appetite for tech unshaken by market drop - Vanda
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RETAIL APPETITE FOR TECH UNSHAKEN BY MARKET DROP - VANDA
As questions arise over whether Tuesday's tech selloff was merely profit-taking or the start of a deeper slide, data from Vanda Research suggests retail appetite for the space is intact.
According to the analytics firm, retail traders once again stepped in to buy the dip - a strategy that has worked well for them in the past, with markets continuing to grind higher.
Its data shows Nvidia NVDA.O, Tesla NVDA.O and Palantir PLTR.O were the three most purchased stocks on Tuesday, even as their share prices fell between 2% and 9%.
They attracted net retail inflows of around $212 million, $61 million and $59 million, respectively - all higher compared to the purchases on the previous day.
(Danilo Masoni)
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EARLIER ON LIVE MARKETS:
STOXX DIPS CLICK HERE
BEFORE THE BELL: STICKY UK INFLATION, PRESSURE ON DEFENCE STOCKS CLICK HERE
TECH WRECKS THE PARTY CLICK HERE
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