# Jefferies Desk Was Net Seller of Tech Stocks by More Than $1 Billion By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/39107 Published: 2026-10-23T15:55:49.000Z Updated: 2026-10-23T15:55:49.000Z Section: Investing > The selling covered 10 trading sessions through Oct. 23, while the Nasdaq Composite was 6% below its record high. 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. ## Links in this article - [Oct. 13 trading session](https://www.tokenpost.com/news/investing/31228)