Rollicking tech stocks trouble traders – Wall Street Journal

The scale of the gains among major tech stocks this year, and resulting rich valuations, raise the possibility of large share-price drawdowns.
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The rollicking ride of technology stocks is making traders fret over what lies ahead. With the Nasdaq Composite see-sawing toward the end of last week and into the Labour Day weekend, traders are keeping a wary eye out for more signs of volatility. Chances are the bullocking ride will continue as traders have little choice but to keep buying in a market marked by record-low interest rates, and signs the US economy is improving.- Derek Alberts

Sudden volatility in tech stocks unnerves investors

By Amrith Ramkumar

The market roller-coaster ride into the Labor Day weekend is confronting investors with fresh questions about the soundness of the technology-led advance in major stock indexes.

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