After a strong year in technology (Nasdaq Composite up +43.6% in 2020), it is perfectly normal to see the market consolidate and correct those large gains. Coming out of these corrections, it is common to see another leg higher in the market, and there are three historical precedents that demonstrate that.
Stock buyback activity is picking up in a big way, according to S&P Global.
Facebook (NASDAQ: FB) could be developing a smartwatch with two cameras, according to The Verge. The camera on the front will likely be used for video calls, while the rear camera can be detached to capture photos and videos for Facebook's family of apps. Facebook is also reportedly in talks with companies to develop accessories for attaching the camera to backpacks and other objects.