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Panic-buying signs in tech stocks emerge on Wall Street Tuesday despite Dow’s 300-point tumble

Panic-buying signs in tech stocks emerge on Wall Street Tuesday despite Dow's 300-point tumble

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While the Dow Jones Industrial Average on Tuesday was seeing its biggest one-day skid since around mid June, market internals suggest investors on the Nasdaq Inc. are buying rather than selling stocks. The Nasdaq Arms Index Arms Index, a volume-weighted breadth measure, fell to 0.473, while many on Wall Street see declines below 0.500 as suggesting panic buying.

...read full article on Market Watch

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