Some investors are getting increasingly worried about the outlook for technology and big growth stocks after a massive rally which has pushed the Nasdaq Composite index to record highs despite the coronavirus-inflicted economic damage.
FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson
The tech-heavy Nasdaq Composite fell 0.5% early Tuesday, while the broad S&P 500 posted small gains, marking the second consecutive day that the Nasdaq underperformed the overall market. Further economic shutdowns in California, which has seen a surge in coronavirus cases, could also weigh on tech and growth stocks, said Spreadex analyst Connor Campbell.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Investors crowding into the very biggest stocks are betting tech giants can buck market historyNew for subscribers: Investors crowding into the very biggest stocks are betting tech giants can buck market history Check out CNBCPro for a free trial.
Weiterlesen »
Asia Pacific stocks set to trade lower; investors await China's June trade dataStocks in Asia Pacific were set to decline at the Tuesday open, ahead of the release of China's trade data for June.
Weiterlesen »
Technology has become most crowded trade ever, the 'longest long of all-time,' according to a BofA surveySeventy-four percent of fund managers in Bank of America's survey say long bets on U.S. tech and growth is the most crowded trade.
Weiterlesen »
Asia stocks set to trade higher as investors shrug off rising coronavirus casesThe World Health Organization on Sunday reported a record daily rise in global coronavirus cases, according to Reuters.
Weiterlesen »
Tech stocks investing strategy, best trades to hedge collapse: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
5 things to know before the stock market opens TuesdayShares of JPMorgan Chase gained in the premarket after the banking giant reported quarterly earnings and revenue that beat analyst expectations. Here are 5 things to know before the stock market opens:
Weiterlesen »