ICYMI: There was a tech selloff late last week going into this week.
But, as of Wednesday, tech seemed to be rebounding with the market.
Stocks ended sharply lower Tuesday as technology shares continued their rapid retreat. The tech-heavy Nasdaq, where stocks such as Apple and Tesla trade, has fallen more than 10% - a correction - since setting an all-time high last Wednesday.
The S&P 500 has declined more than 7% over the past three trading days.
Many analysts said the declines, particularly in the tech sector, were long overdue as valuations have been stretched.
“The bottom line is that this correction was long overdue and likely has more downside over the next few weeks (and) months as these positions are cleared out,” said analysts at Morgan Stanley.
Tech stocks rose 11.8% in August.
Jim Cramer took to Twitter early Wednesday to give advice to investors, so of course, TheStreet had to ask for his advice for investors wondering how to approach the markets Wednesday.
Watch the video above for more. And read more from Cramer on Real Money.
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