A timely reminder of how long and hard U.S. stocks can fall

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

It’s important not to forget the dark days

The S&P 500 stock index was up 8.8 per cent for the year through mid-March, right in line with the 29 per cent return last year and the five-year average annual return of 13.4 per cent.

Now for some historical context that seems pretty important right now, given how much U.S. stocks and soared and the degree to which tech stocks have led the way. Roughly 25 years ago, a tech-led stock market boom exploded and U.S. stocks fell into a deep, long slump. The S&P 500 today is dominated by the Magnificent Seven tech stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla - that together account for roughly 30 per cent of the whole. The Canadian stock market’s tech weighting is 8.7 per cent, a reminder that the S&P/TSX composite index is still very much a financials and resources proposition. Financials, energy and materials make up close to 60 per cent of the index.

 

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:

 /  🏆 5. 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.

Stock market today: Asian stocks gain ahead of US and Japan rate decisionsHONG KONG (AP) — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve. Oil prices and U.S. futures rose.
Source: SooToday - 🏆 8. / 85 Read more »