Tech stocks are breaking out, defying bears and signaling year-end strength: analyst

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Focus longs on large-cap tech stocks, branch out beyond ‘Magnificent 7’: RenMac

Strength in technology stocks as U.S. equities enjoy a bounce off their October lows looks like a breakout that signals the potential for strength into year-end, a technical analyst said Thursday.

The Technology Select SPDR ETF XLK is breaking out above the downtrend in what technicians call a bullish flag pattern while the relative price makes new highs, Dempter said . The tech-heavy Nasdaq Composite COMP index eked out a gain Wednesday for its ninth straight rise, while the S&P 500 SPX rose for an eighth straight day, the longest winning streaks for both indexes in two . The Dow Jones Industrial Average DJIA snapped a seven-day winning streak Wednesday.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

A tech stock breakout defies market bears and signals strength into year-end, analyst saysFocus longs on large-cap tech stocks, branch out beyond ‘Magnificent 7’: RenMac
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

A tech stock breakout is defying market bears and signals strength into year-end, analyst saysFocus longs on large-cap tech stocks, branch out beyond ‘Magnificent 7’: RenMac
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Jim Cramer examines why the 'Magnificent Seven' tech stocks have seen volatility in the marketCNBC's Jim Cramer on Wednesday detailed why the 'Magnificent Seven' tech stocks are often traded on Wall Street.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Jim Cramer examines why the ‘Magnificent Seven' tech stocks have seen volatility in the marketCNBC’s Jim Cramer on Wednesday detailed why the “Magnificent Seven” tech stocks are often traded on Wall Street.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »