ARK Innovation fund rebounds from tech-driven rout as Cathie Wood calls markets 'irrational'

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.
Kyle Grillot | Bloomberg | Getty Images

Cathie Wood's flagship fund ARK Innovation rebounded from steep losses on Monday as the sell-off in tech shares stablized.