U.S. stock market opens, Nasdaq drops over 150 points
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JPMorgan optimistic about renewed capital inflows into tech stocks: lower positions and falling valuations create opportunities
The JPMorgan team of strategists believes that as position crowding decreases, earnings performance remains strong, and valuations become more realistic, technology stocks will regain some of the momentum lost since mid-year. Investors are expected to re-enter the sector.
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