Technology Megacaps Tumble as Rotation Trade Gathers Momentum
The S&P 500 Index dropped, reversing earlier gains, as a rotation out of technology stocks that propelled the stock market higher for most of the year gained traction.
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2 headlinesTechnology Megacaps Slump as Rotation Trade Gathers Momentum
US stocks touched session lows Tuesday afternoon before paring their losses as a rotation out of the technology stocks that had propelled the market higher for most of the year gained traction.