Aug 6, 05:14 PM

Hedge Funds Buy Dip in U.S. Tech Stocks on August 6, 2024, Marking Largest One-Day Buying Spree, Says Goldman Sachs

Global hedge funds capitalized on a significant decline in U.S. equities on August 6, 2024, marking the largest one-day buying spree in five months, according to Goldman Sachs. Amid heightened market volatility, hedge funds focused their purchases primarily on technology stocks, as indicated by Goldman's prime book data. This buying activity reflects a strategic move to take advantage of lower prices during a turbulent market period.

#Goldman Sachs #Goldman

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Sources

Bloomberg Asia@BloombergAsia
2 years ago
As volatility gripped global markets to start the week, hedge funds stepped in to buy the big dip in technology shares, Goldman Says https://t.co/7az5JgTgyw
Bloomberg Economics@economics
2 years ago
As volatility gripped global markets to start the week, hedge funds stepped in to buy the big dip in technology shares, Goldman Says https://t.co/o7sWjVLfpC
Bloomberg Markets@markets
2 years ago
As volatility gripped global markets to start the week, hedge funds stepped in to buy the big dip in technology shares, Goldman Says https://t.co/Lkx3d0lvpV

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Hedge Funds Buy Dip in U.S. Tech Stocks on August 6, 2024, Marking Largest One-Day Buying Spree, Says Goldman Sachs

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