Stocks To Consider As Profit-Taking Accelerates In Technology Sector

Technology stocks, which account for the lion’s share of Nasdaq Composite index and include heavyweights like Apple, Alphabet, and Microsoft, are facing heavy sell-off this June after posting double-digit gains for the year.

The tech-sector correction, which started in the second week of June, gained further momentum this Thursday, reflecting in some of the biggest single-day losses in the S&P 500 Technology Index (down 1.8%) and the tech-heavy Nasdaq Composite (down 1.4%).

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