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Savita Subramanian

Coverage of Savita Subramanian in the Nexus archive.

Earliest in view: Jun 11 · 22:16 UTCMost recent: Jun 11 · 22:16 UTC
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  • BUSINESSJun 11 · 22:16 UTCFORTUNE
    Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%

    Bank of America advised investors to 'take profits' as seven of its 10 bear-market indicators were triggered, leading to a 7% Nasdaq drop and significant declines in the S&P 500 and Dow. Leveraged funds like Direxion Daily Semiconductor lost billions, while semiconductor stocks fell sharply due to Broadcom's cautious guidance and a memory glut.