But some continued to caution against going all-in on tech, and highlight the need to take a selective approach prioritizing companies that have solid fundamentals and are able to pass on higher costs to consumers.
“Companies that are growing their cash flows and have not been hurt as bad from inflation are going to perform better than those that were the darlings of the 2021 period that just went straight up,” Wealth Consulting Group Chief Investment Officer Jim Worden told Investing.com's Yasin Ebrahim in an interview on Friday.
Consumer stocks were also in the ascendancy with casino and travel stocks catching a bid on news of easing Covid-19 restrictions in China, while retail stocks were led higher by Ralph Lauren.
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