Tech Stocks Fall Amid Optimistic Investor Sentiment

📆 16/10/2024 03:09:00
📰 nbcchicago

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Tech Stocks,Investor Sentiment,Rate Cuts

Despite tech stocks falling by 6.36%, investor sentiment remains high, fueled by hopes for US rate cuts and Chinese stimulus. The S&P and Dow hit all-time highs on Monday, while the Nasdaq is nearing its peak.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. Tech stocks fell 6.36%, while telecoms stocks rose 1.97%. Separately, euro zone industrial production increased 1.8% between July and August, according toon a downbeat earnings report.

Still, investors are the most bullish in four years, according to the October BofA Global Fund Manager Survey. They're also optimistic about the economy: 74% investors believe the U.S. will avoid a recession.

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