Jefferies Desk Was Net Seller of Tech Stocks by More Than $1 Billion

Enna Lee

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Jefferies Desk Was Net Seller of Tech Stocks by More Than $1 Billion

The selling covered 10 trading sessions through Oct. 23, while the Nasdaq Composite was 6% below its record high.

By Enna Lee

Published Oct 23, 2026, 11:55 AM EDT

A silicon wafer with a gap in its grid of tiny chips / TokenPost.ai

Jefferies’ equity trading desk was a net seller of technology stocks by more than $1 billion over the past 10 trading sessions. Client selling in the technology sector was unusually heavy and persistent.

The market backdrop also included a 6% decline in the Nasdaq Composite from its record high. Technology stocks had also faced pressure during the Oct. 13 trading session, when U.S. indexes lacked a clear direction.

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.