Momentum stocks sell off for second day; Nasdaq down 2 percent – Reuters
Independent Online |
Momentum stocks sell off for second day; Nasdaq down 2 percent
Reuters The Nasdaq biotech index .NBI was last down 3.5 percent and 1 percent lower for the week. It has dropped 17 percent since reaching a high on February 25. On the day, Biogen Idec Inc (BIIB.O) was down 3.7 percent at 0.83, while Gilead Sciences (GILD. Dow drops 150, Nasdaq skids 2.5% as momentum names bleed US STOCKS SNAPSHOT-Nasdaq slumps 1 pct as momentum names drop Momentum stocks slide anew, dragging equities lower |
