Tech downtrend: A visitor walks through the lobby of the Nasdaq MarketSite in New York. Shares of tech giants averaged a 1.6 decline over the past two sessions. — Bloomberg
NEW YORK: Blame the computers ... or the hedge funds ... or the hedge funds with computers.
Pundits have been grasping for the root cause behind the brisk retreat in tech giants like Facebook Inc, Amazon.com Inc, Netflix Inc, Alphabet Inc, Microsoft Corp, and Apple Inc that started on June 9 and carried through the weekend.
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