Growth stocks like Amazon are getting slammed during this October rout, but value names see buyers

Growth stocks like Amazon are getting slammed during this October rout, but value names see buyers
Growth stocks like Amazon are getting slammed during this October rout, but value names see buyers
Investors dumped technology and other growth stock winners Wednesday in favor of defensive and value names, a trend that has accelerated as interest rates rise. Tech stocks fell 4.8 percent in the worst day for the S&P sector since Aug. 18, 2011. The tech-heavy Nasdaq led the declines with a 4.1 percent loss, and the Dow ended down 831 points or 3.1 percent. The S&P 500 was off 3.3 percent, but the small-cap Russell 2000, however, was down slightly less at 2.8 percent. “We’ve had a rolling corre…
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Growth stocks like Amazon are getting slammed during this October rout, but value names see buyers