Gains in Tech Stocks Fuel S&P 500 Record Highs
The remarkable performance of the Magnificent 7 tech stocks has played a significant role in driving the S&P 500 to reach record highs this year. However, this success also presents…
Big Tech Struggles to Escape Bear Market
Despite a strong showing in 2023, Big Tech has been unable to pull the Nasdaq out of its two-year bear market. The Nasdaq Composite has been steadily gaining ground, on…
The Continued Potential of Tech Stocks
Investors in the tech sector may feel hesitant to make further investments, given the significant gains already seen this year and the possibility of rising interest rates. However, analysts at…
U.S. Investors Bet on Tech Stocks Amid Tough Economic Conditions
(Reuters) The US Investors are hesitant to cut technology stocks in their portfolio amid poor stock market performance that has seen most indices dip. S&P 500 technology sector index dipped…
Big Tech Stocks See $200 Billion Wiped Out on Tuesday
(Bloomberg) More than $200 billion worth of market value was wiped out in early trading on Tuesday as investors were lured by rising bond yields. Apple, Amazon, Nvidia all posted…
Share Buybacks by Tencent Boosts Chinese Tech Stocks to a Monthly High
(Bloomberg) China’s Hang Seng Tech Index rose 1.6% on Tuesday, the highest since late July after Tencent Holdings boosted market sentiment in a fresh round of share buybacks. Tencent bought…
Slump in Tech Stocks Pull S&P 500: NASDAQ Down, Bond Yields Rise
The S&P 500 fell 1.3% to 3,819.72 as tech stocks took a hit on Wednesday despite the names tied to economic recovery providing some support. Nasdaq Composite shed 2.7% to…