Tesla stock went into reverse and took the Nasdaq with it, possibly signaling near-term top

(CNBC) The Nasdaq’s stunning reversal, led by Tesla, could signal that big tech has run out of steam and hit a near term top for now, strategists said. Some of the hottest Nasdaq names and both the Nasdaq Composite and the Nasdaq 100 hit new highs Monday, before a massive turnaround, which started just before midday as high-flying Tesla suddenly went into reverse.

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