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via finance.yahoo.comMarkets

Hedge Funds Cut Tech Stocks at Record Pace, Goldman Says

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Hedge funds reduced their technology stock positions at the fastest rate in at least a decade during the five trading sessions through Oct. 15, according to data from Goldman Sachs Inc.'s prime desk. Still guessing which stocks will beat the market? Our AI…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHedge fund selling of tech and the Nasdaq 100 drop weigh on sector sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Hedge funds cut tech positions at the fastest pace in at least a decade over five sessions through October 15.
  2. 02The Nasdaq 100 dropped 5.5% last week, its worst performance since April 2025.
  3. 03Technology was the worst-performing sector in the MSCI World Index during the period, per Goldman Sachs data.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NASDAQ 100INDEX:NDXIndex29,625.12+0.15%today +1.50%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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