On Thursday, Cathie Wood-led Ark Invest made notable adjustments to its portfolio, including a significant sell-off of Robinhood Markets Inc (NASDAQ:HOOD) shares.
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors.
Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.
Shares of American Eagle Outfitters, Inc. (NYSE:AEO) fell during Thursday’s session following first-quarter results. American Eagle Outfitters reported…