Investors count on earnings to calm US$900-billion U.S. tech rout

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 41 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 184%
  • Publisher: 92%

Canadian News أخبار

Canada News,Breaking News Video,Canadian Breaking News

Bullish investors hope solid corporate results will stem a tumble in technology shares that has cooled this year’s U.S. stock rally

As earnings season goes into full swing, bullish investors hope solid corporate results will stem a tumble in technology shares that has cooled this year’s U.S. stock rally.

Big tech stocks “have been leading the charge, and it’s for a good reason,” said Scott Wren, senior global market strategist at the Wells Fargo Investment Institute. “They’re making money, they’re growing earnings, they’re owning their niche.” Anthony Saglimbene, chief market strategist at Ameriprise Financial, believes many investors were caught off guard by an earlier this month that all-but-cemented expectations of a September rate cut by the Fed, sparking a rotation into areas of the market that have struggled under tighter monetary policy.

“What we’re advising investors to do is use some of the pullbacks in these areas as an opportunity to allocate on a longer-term basis,” said Saglimbene, who believes the upcoming earnings reports could ease the selling pressure on Big Tech.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 5. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

India's World Cup Win to Keep Stock Market Investors Bullish(Bloomberg) --
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »