The Nasdaq experienced its worst drop since Aug. 15 as the Justice Department said Attorney General Jeff Sessions will meet with state attorneys general later in the month to discuss whether tech companies “may be hurting competition and intentionally stifling the free exchange of ideas on their platforms.”
As a result, TECS has jumped 7.2% the past two trading sessions, climbing past its 50-day moving average.
Is the music ready to stop playing in the tech sector or will it continue singing the same tune through the rest of 2018? Whatever the markets decide, traders can seek to profit with either TECS or TECL.
Related: Why Semiconductor ETFs Can Bounce Back
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