How Big Tech Has Powered Global Stocks

📆 10/03/2019 10:30 p. m.
📰 WSJ

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Profits at Facebook, Alibaba and others are driving a fresh rally in technology shares, helping boost stock markets and showing the allure of rapidly growing companies even as the global growth outlook dims

Booming profits are driving a fresh rally in technology shares from New York to Hong Kong, helping boost stock markets and showing the allure of rapidly growing companies even as the global growth outlook dims.

Companies including Facebook Inc., Netflix Inc., Alibaba Group Holding Ltd. and Rakuten Inc. have risen more than 25% this year, well outpacing the gains of the stock indexes on which they are listed. The advance is a marked turnaround from the final months of 2018, when tumbling technology shares wiped out trillions...

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So the tech sector is the one looking the brightest now.

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Elizabeth Warren says she wants to break up big tech companies including Amazon, Google, and FacebookSen. Elizabeth Warren says massive tech companies are smothering competition and undermining democracy. Things just keep getting better and better for Trump's reelection campaign. LOCOHANTAS SHIT BIRD.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »