Fast-Money Systematic Funds Stoked $2.3 Trillion Tech-Stock Rout

Systematic investment funds that follow market trends sold US technology stocks on Thursday, contributing to a record decline in the Nasdaq 100 index by market value. The selling by these trend-following strategies amplified the broader market movement as investors exited technology positions. The Nasdaq 100 experienced its largest one-day drop by market capitalization.

• Bloomberg — Fast-Money Systematic Funds Stoked $2.3 Trillion Tech-Stock Rout

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