Reported 2 months ago
A decline in U.S. stocks has prompted volatility-sensitive funds to sell off approximately $83.6 billion in equity futures in just two weeks, exacerbating a market downturn that has pushed the Nasdaq Composite into correction territory. These funds typically buy stocks in stable markets but are now reacting to economic concerns and disappointing tech earnings. As fears of a recession grow, the likelihood of further selling looms, depending on the market's volatility in the upcoming weeks.
Source: YAHOO