By Hannah Erin Lang
As major stock indexes whipsawed Monday, some individual investors took the chance to scoop up shares at a discount.
Investors bought the dip in popular stocks such as Tesla, Nvidia and Apple, brokerage data show.
At Fidelity, customers placed more than twice as many buy orders as sell orders for Tesla stock. Those at Interactive Brokers placed more than 94,000 buy orders for Nvidia during Monday trading, compared with about 55,000 sell orders.
Popular buys also included index funds like the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust, which tracks the Nasdaq 100 index.
Monday was investors' second chance in a week to snag shares of popular tickers at falling prices. On Jan. 27, as the market slid in a $1 trillion rout, individual investors piled in on sinking tech stocks. Some of the hardest-hit stocks that day - including Nvidia and Tesla - have yet to claw back losses.
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(END) Dow Jones Newswires
February 03, 2025 19:47 ET (00:47 GMT)
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