Hedge funds snap up U.S. tech stocks amid falling rates, says Goldman Sachs

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 21 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 176%
  • Publisher: 66%

Canadian News أخبار

Canada News,Breaking News Video,Canadian Breaking News

Buying in semi-conductor and related equipment companies outweighed selling in tech hardware

Hedge funds bought U.S. tech and media stocks at the fastest pace in four months last week, said a Goldman Sachs prime brokerage note to clients seen by Reuters on Monday, spurred by the Federal Reserve’s anticipated 50-basis point rate cut.

The Fed’s first rate cut in four years lifted U.S. stocks last week, with the S&P 500 index closing Friday 1.15% higher, as recession fears ebbed and investors digested the implications of easing monetary policy. , like computer, monitor and hard drive manufacturers, the Goldman Sachs note said. By contrast, consumer products were the most sold on Goldman Sachs’ prime brokerage book, the note said.

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

 /  🏆 31. 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.

Hedge funds snap up US tech stocks amid falling rates, says Goldman SachsHedge funds bought U.S. tech and media stocks at the fastest pace in four months last week, said a Goldman Sachs prime brokerage note to clients seen by...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »