News Formal

Tech stocks are soaring and could rise another 20%, according to S&P 500 history dating back to 1990

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Tech stocks could rise another 20% before 2019 ends, according to S&P 500 history

Since 1990, tech stocks have risen by at least 20% only five times in the period from the beginning of the year to the end of July.

Tech stocks are having a great year. The S&P 500 Information Technology sector has soared more than 30% so far in 2019, making it the best-performing S&P 500 sector by a wide margin. Since 1990 the tech sector has gained between 20% and 40% from January through July on just five other occasions. Following these gains, the sector has traded positively through the rest of the year in every instance, with tech stocks adding an average return of more than near-24% during these periods, according to a CNBC seasonal trading analysis of Kensho data. The S&P 500 also performs well in these periods, gaining close to 11% between August and December.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

No, it’s GOLD time

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Goldman Sachs ups S&P 500 forecast but cuts earnings outlookGoldman Sachs raised its 2019 year-end price target for the U.S. benchmark S&P 500 index by 3% to 3,100 points on Tuesday.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »