These stocks are the key to the market going higher for the rest of the summer

The S & P technology sector scored a roughly 13.5% gain in July. Those stocks are represented in the Technology Select Sector SPDR fund , which was down about 0.6% in the first two trading days of August so far. "Tech led the overall broad-based rally in July, so it definitely needs to play an important role if this rally is going to continue through August and into September," said Scott Redler, chief strategic officer of T3Live.com. "First they have to prove they can hold.

Tech and growth names can command higher prices because investors are willing to pay up for future earnings. But those high price-to-earnings ratios are challenged when interest rates rise and the cost of money goes up. Tech shares were pounded when yields moved higher in the first half of the year, but the stocks began to bounce back as yields fell in July. The tech sector is still down about 18% in 2022.

😂😂😂 Propaganda

Summer was over before it started sir.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Big Tech survived the earnings test, but many more tech companies are picking up their pencilsWall Street breathed a sigh of relief this week after Big Tech produced results that were largely not as bad as feared (except for Facebook), but the harder...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Did the stock market peer through ‘rose-colored glasses’ as tech surged in July?Growth and technology-related stocks jumped in July, with investors now trying to discern what recessionary risks mean for their recent bear market rally.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »