AMD has led chip stocks higher and Apple's surge has pushed the tech index to its best performance since 2009.
The technology subindex in the S&P 500 has climbed 48% in 2019, putting it on pace for its best year since 2009.Apple, the most valuable publicly traded U.S. company, has gained 84%, also headed for its best performance in a decade.
Apple CEO Tim Cook arrives for Apples "The Morning Show" global premiere at Lincoln Center- David Geffen Hall on October 28, 2019 in New York.Tech stocks are about to close out their best year since the rebound from the financial crisis. With December winding down, the S&P 500 information technology index, consisting of 70 members, has gained 48% in 2019, marking the best year for the group since a 60% jump in 2009.
The difference a decade ago was that the tech index was coming off 2008, in which it plunged 44%, creating a buying opportunity and setting the stage for a so-called dead cat bounce. This time around, tech stocks dipped just 1.6% in 2018 before rallying to new heights in 2019, suggesting that the latest surge is backed by the strengthening financial position of the companies in the group and optimism for the broader economy.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Japan Display discussing factory sale to Apple, Sharp: NikkeiJapan Display Inc is discussing the sale of its main smartphone screen ...
Weiterlesen »
Internetty: Wellness Gone Wild on Apple PodcastsCovering everything from yoni eggs to butthole sunning.
Weiterlesen »
What to expect from Apple in 2020: iPhone returns to growth and more - Business InsiderNext year is shaping up to be a huge moment for Apple as it's expected to reclaim dominance of the smartphone industry — here's what to expect in 2020
Weiterlesen »
The best stock sectors of the last decade will likely not be the best performers for this coming decadeStocks and sectors that outperform one year often underperform the following year. The same holds true decades. Here's where to invest in 2020.
Weiterlesen »
Bank of America sees big year for Microsoft aheadBank of America projects a big year for Microsoft's stock, saying its cloud business is poised to grow even larger.
Weiterlesen »