Technology shares -- a key engine of the stock market's climb to records ov...
- Technology shares — a key engine of the stock market’s climb to records over the last several months — are now among those leading Wall Street’s plunge on growing concerns over the coronavirus outbreak.
Investors poured billions into big technology stocks and other momentum bets last year, as a dovish Federal Reserve stoked risk appetite and fueled a rally of more than 30% in the S&P 500. Some big technology and momentum stocks kept griding higher, driving markets to records even as concerns grew over the virus’ spread in China in recent weeks.
Stanton rode shares of Amazon and other big technology names higher last year. He now owns derivatives will rise if the tech-heavy Nasdaq Composite index continues to decline. That magnitude of concentration in a small universe of names had some investors worried that they have become overstretched and vulnerable to a sudden reversal in risk appetite. The tech sector’s valuation recently stood at its highest forward price-to-earnings multiple since 2004, according to Refinitiv Datastream.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Kobe Bryant Once Gave His Wife the Blue Dress From 'The Notebook''We had hoped to grow old together like the movie,' Vanessa shared.
Les mer »
Dior Wants You To Wear Two Eyeliners At OnceHere's how to get the brand's Fall 2020 runway look
Les mer »
Trump administration officials seek once again to downplay Russian election interferenceTrump administration officials seek to downplay intelligence suggesting that Russia is once again trying to interfere in the election.
Les mer »
The U.S. Once Deported U.S. Citizens to Mexico — Even Though Some Never Lived ThereThe government called it 'repatriation,' or the return of someone to their own country.
Les mer »
Glass, Once the King of Packaging, Seeks a ComebackThe backlash against single-use plastics is giving glassmakers hope that they can stem a decadeslong decline in the use of bottles and jars. First they have to boost poor glass-recycling rates that undercut the material’s environmental pitch.
Les mer »
Global Stocks Stabilize After Deep Wall Street SelloffStocks were mixed while bond markets flagged continued fears among investors about the economic impact of the coronavirus outbreak after a sharp selloff a day earlier.
Les mer »