Tech Stocks Led Market Slump

Which US stocks were hit hardest in last week's global market slump? The equities which had previously led the rally were first to fall reveals Tom Lauricella

Tom Lauricella 16 October, 2018 | 9:26AM
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When stocks hit an air pocket last week, as is often the case, hardest hit were the corners of the market that had been leading the charge higher. In this case, it's been mutual funds focused on growth stocks that have taken it on the chin, especially those loaded up with shares of technology companies.

Also suffering larger losses were a number of exchange-traded funds employing momentum strategies. However, ETFs with dividend strategies weathered the storm relatively well.

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Tom Lauricella  is Editor of Morningstar Direct

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