Short-sellers lose $37bn in June rally

July 5, 2023

Huge first half for tech stocks and the Nasdaq, fuelled by AI progress
Related: Short-sellers make $4bn from Tesla slump in April
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Short-sellers lost $37bn in June as the first half closed out with a stock market surge centred on tech stocks, according to research firm Ortex.

A remarkable first half rally saw the tech-heavy Nasdaq rise 31.7%, its best H1 in 40 years, and S&P 500 rise 15.9%.

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