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Hot Money Stampeded Out of Tech Heavyweights

  • Sector is becoming especially prone to reversals in sentiment
  • Flows to and from largest tech ETF are picking up dramatically
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Charles Schwab's Kleintop Says Don't Avoid Entire Tech Sector Despite Selloff

Investors ran for the exits as heavyweight U.S. technology stocks got burned Monday.

The world’s largest tech exchange-traded fund -- the PowerShares QQQ Trust Series 1, which aims to track the Nasdaq 100 Index -- is seeing dramatic swings in inflows and outflows as volatility ramps up in what had been a fairly calm sector. That’s leaving the group especially prone to sharp reversals in sentiment, exacerbating price fluctuations.