Tech Stocks Fall Amid Optimistic Investor Sentiment

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 12 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Business News

Tech Stocks,Investor Sentiment,Rate Cuts

Despite tech stocks falling by 6.36%, investor sentiment remains high, fueled by hopes for US rate cuts and Chinese stimulus. The S&P and Dow hit all-time highs on Monday, while the Nasdaq is nearing its peak.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. Tech stocks fell 6.36%, while telecoms stocks rose 1.97%. Separately, euro zone industrial production increased 1.8% between July and August, according toon a downbeat earnings report.

Still, investors are the most bullish in four years, according to the October BofA Global Fund Manager Survey. They're also optimistic about the economy: 74% investors believe the U.S. will avoid a recession.

 

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:

 /  🏆 545. in BUSÄ°NESS

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.

Asian stocks fall amid rate, tech jitters; China shares return with a bangAsian stocks fall amid rate, tech jitters; China shares return with a bang
Source: Investingcom - 🏆 450. / 53 Read more »

European stocks mostly fall on Middle East tensions; Tesco lifts guidanceEuropean stocks mostly fall on Middle East tensions; Tesco lifts guidance
Source: Investingcom - 🏆 450. / 53 Read more »

5 clean tech stocks to buy 'on any election-related weakness': Morgan Stanley5 clean tech stocks to buy 'on any election-related weakness': Morgan Stanley
Source: Investingcom - 🏆 450. / 53 Read more »