The Nasdaq Was on Pace for its Worst July Since 2006. Now Tech Is Rallying Back.
In this article:
The Nasdaq Composite really needs today's tech stock rally to hold if it wants to avoid its worst July since 2006. If that held, it would be the worst July since 2006 and the largest one-month decline since April, according to Dow Jones Market Data. The rotation to smaller, out-of-favor cyclical stocks hit tech and AI-linked stocks especially hard this month.