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Money

Big tech takes back its gains from yesterday

The Standard & Poor's 500 was down 1.76% and the NASDAQ Composite fell 1.99% today. But the worst damage was among the big tech names that had led the rally higher and that had bounced yesterday. Microsoft (MSFT) was down 2.80%. Amazon (AMZN) gave up 2.86%. Nvidia (NVDA) lost 3.17%. Apple (AAPL) dropped 3.26. That led the NASDAQ 100, which is dominated by large cap tech stocks, to post a decline of 2.12%. The Technology Select Sector SPDR fell 2.26%.

The Draw For High-Dividend Paying Stocks and ETFs

High dividend paying stocks and ETFs are the current rage in this low-interest climate.  In this article, Andrew Hallam explains why this popularity deserves a second look.  After all, high dividends might not offer the best solution for retirees or those seeking overall, long-term growth. 

Color of Money

Post columnist Michelle Singletary offers her advice and answers your questions.

NASDAQ 100 moves into correction

Traders who bought on the dip at the end of last week were a bit early, the market is saying today.As of noon New York time, the Standard & Poor's 500 was down 1.91%; the Dow Jones Industrial Average was off 1.56%, and the NASDAQ Composite was lower by a whopping 2.75%. In the last two days of last week, buy-on-the-dip traders put $1.7 billion into the Invesco QQQ Trust ETF (QQQ.) More "adventurous" traders added nearly $600 million to the ProShares UltraPro QQQ ETF (TQQQ) on Thursday. The TQQQ is a triple-leveraged ETF that aims to deliver three times the daily performance of the Nasdaq 100. In Tuesday trading the NASDAQ 100 fell as much as 4.3% and is now down close to 10% in three days of selling.

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