Tech stocks just flashed sell signal for first time since November 2021

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Malaysia News News

Technology stocks just flashed their first sell signal since just before the market peaked in November 2021

As those mega-cap tech giants falter, more defensive sectors which have floundered since the start of the year are starting to perk up, signaling that a potential rotation among investors out of risky stocks and into more stable companies is materializing.

Such a drop makes sense given the sharp rebound in tech stocks so far this year, with the Nasdaq 100 up about 15% year-to-date, which is five times the gain seen in theover the same time period. Shares of Nvidia are up 79% year-to-date, while Amazon and Microsoft are up 15% and 14%, respectively.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

People actually pay for this? It said 12850 was resistance for the Nasdaq100 what price did the nasdaq100 close Friday?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines