Technology stocks are ‘having a revival’

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CommSec’s Tom Piotrowski says technology stocks are “really having a revival” and are “almost leading sentiment” in the market.

“We’ve got the Nasdaq up by 1.7 per cent, the S&P 500 up by about a per cent and the Dow up by 0.

6 of a per cent,” Mr Piotrowski told Sky News Australia.“Netflix stands out, they had some very good earnings numbers last week, which has lifted sentiment, the stocks up by about five per cent today.”

 

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ASX 200 to start the week off on ‘encouraging terms’CommSec’s Tom Piotrowski says this week will start off on “rather encouraging terms” with the ASX 200 up by about a half of a per cent. “There were moments last week where we saw a spate of volatility – the markets sold off any number of reasons that you could rationalise, they were concerned about earnings and growth,” Mr Piotrowski told Sky News Australia. “But the market had seem some good gains over the course of the early part of the year.” Presented by CommSec.
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