Nasdaq Drops More Than 1% as Investors Reassess Trades
The Nasdaq fell more than 1%, led by a sharp selloff in Qualcomm after the chipmaker reported a revenue decline.
By Chelsey DulaneyThe post-election rotation continues.The Nasdaq is dropping more than 1%, led by a sharp selloff in chipmaker Qualcomm after it reported a decline in revenue.Investors are contending with a potential regime shift in markets after the midterms dealt a blow to key pillars of Preside…