U.S. technology stocks fell sharply on Tuesday, then edged up slightly in premarket trading ahead of Micron’s earnings report.
According to ChainCatcher, the update was reported by Jinshi and included comments from Michael McCarthy, a market analyst at Australia’s Moomoo Securities.
McCarthy said price action over the past seven trading days has been concerning, not only during declines but also during rallies. He added that when markets move quickly in either direction, it can be a sign of instability.
Moomoo Analyst: Rapid Two-Way Swings Signal Instability After U.S. Tech Stocks Slide
2026-06-24 13:13:55
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