News Formal

Wall Street Week Ahead: Big tech stocks may face post-election headwinds, no matter who wins

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Some investors are betting the technology and communications stocks that drove a massive rebound in U.S. markets this year will face a tougher slog in coming months, no matter whether Republican President Donald Trump or Democratic challenger Joe Biden wins Tuesday's election...

now make up approximately 23% of the total weight of the S&P 500, according to S&P Dow Jones Indices, giving their gyrations an outsized impact on broader markets.

“It has become more difficult for mega-cap tech to surprise on the upside,” analysts at UBS Global Wealth Management said in a note Friday. A shift to value stocks “is increasingly likely over the next 12 months,” said Eduardo Costa, who runs hedge fund Calixto Global Investors, LP.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street rebounds as market eyes tech results, strong U.S. dataU.S. stocks closed higher on Thursday, with the technology heavyweights rallying ahead of major earnings reports and upbeat domestic economic data calming investor jitters about surging coronavirus cases. Yup and then Apple dropped 5% haha. Ouch. Stimulus is more than enough Buy buy buy
Source: Reuters - 🏆 2. / 97 Read more »