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Traders prepare for a wild ride as Amazon, Microsoft report after hours

Wild ride

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Investors in an exchange-traded fund tracking U.S. tech shares are preparing for a wild ride. The cost of options on the Technology Select Sector SPDR Fund is the second highest among ETFs tracking major industry groups as giants including Amazon.com Inc. and Microsoft Corp. -- particularly volatile on earnings -- are set to report financial results on Thursday. A Bank of America Corp. index following the so-called FANG group fell for a sixth time in seven days amid rising concern over the tech companies’ valuations after a 40 percent surge this year.

Source: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov


 Varchev Traders

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