Once bulletproof, tech stocks now among market's biggest losers

- Technology shares -- a key engine of the stock market's climb to records over the last several months -- are now among those leading Wall Street's plunge on growing concerns over the coronavirus outbreak.

Now a surge in coronavirus cases outside of China has made some investors more willing to part with riskier assets in favor of traditional havens like gold and U.S. Treasuries, which have soared in recent days. As of Friday, the S&P 500 information technology sector accounted for nearly 55% of the overall S&P 500's total return in 2020, even though the sector was only 24.3% of the benchmark index's market value, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Once bulletproof, tech stocks now among market's biggest losersTechnology shares - a key engine of the stock market's climb to records over the last several months - are now among those leading Wall Street's ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Once bulletproof, tech stocks now among market's biggest losersTechnology shares - a key engine of the stock market's climb to records over the last several months - are now among those leading Wall Street's ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Malaysia’s stock market plunges to lowest in nine years amid govt crisisKUALA LUMPUR — The FBM KLCI closed at 41.14 points or 2.69 per cent lower at 1,490.06 on Monday (Feb 24), the lowest point since 2011’s 1,500.91.
Sumber: TODAYonline - 🏆 1. / 99 Baca lebih lajut »

Global stocks pause after coronavirus shakeoutGlobal stock markets stabilised on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce after the ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »