GeneralBearishFortune Crypto · 3d ago6/10
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Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
Wall Street experienced a sharp midday selloff in semiconductor and mega-cap tech stocks (the 'Parabolic 7'), with nearly $1 trillion in value erased before a dramatic reversal by market close. Capital rotated into defensive, low-volatility sectors like consumer staples, signaling investor anxiety about valuation extremes in AI-driven tech stocks.
