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Panic-buying signs emerge—not selling—in Tuesday trade despite sharp tumble for broader stock market as yields climb

Panic-buying signs emerge---not selling---in Tuesday trade despite sharp tumble for broader stock market as yields climb

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While the Nasdaq Composite Index COMP, -2.18% on Tuesday morning was suffering a decline of more than 2%, market internals suggest investors in the Nasdaq-listed stocks are buying rather than selling stocks. The Arms Index Arms Index, a volume-weighted breadth measure, fell to 0.426, while many on Wall Street see declines below 0.500 as suggesting panic buying.

...read full article on Market Watch

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