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Home / Business / Billionaire David Tepper says the stock market gave way on Monday – now he "nibbles"

Billionaire David Tepper says the stock market gave way on Monday – now he "nibbles"



Hedge fund star David Tepper says the violent sell-off on the stock exchange on Christmas night has forced him to "nibble" on stunted stocks.

In a conversation with Scott Wapner of CNBC, Tepper said the Dow Jones Industrial Average

DJIA, -2.91%

of the S & P 500

SPX, -2.71%

and the Nasdaq Composite Index

COMP, -2.21%

all of which were traded in the early minutes of Monday, "had a pretty good pace" (19659002).

According to Wapner's tweet, Tepper implied he was opportunistic buying or "nibbling" in the midst of the refuse of the session.

Tepper said the market had "taken a pretty good step this morning" and "

Stocks fell short, but the S & P 500 and the Dow are still trading lower on early Monday, also known as Nasdaq Composite

COMP, -2.21%

came into positive territory.

Despite the investor's tweet, the stock market recorded its worst meeting the day before Christmas in history. US stock trading ended on Monday at 1pm. Eastern and is closed on Tuesday for Christmas.

Billionaire Tepper, one of Wall Street's best hedge funds of all time, has been less than bullish in recent months. He said he had reduced his exposure to shares in Appaloosa Management, where he manages around $ 14 billion

Read: One of Wall Street's most successful investors says the Fed's rescue line Stock markets no longer exists.

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