Tech stock gains this big imply a strong 2019 stock market finish

📆 12/10/2019 1:53 AM
📰 CNBC

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Seven times since 1990 the Nasdaq index has generated returns like this year's 20%-plus pop. In most of those years, the momentum continued for stocks in the fourth quarter with another 8% to 10% of gains.

Apple, Microsoft and Facebook each delivered gains over 35% for the market-cap weighted index.

Gains of this size in tech stocks have occurred seven times since 1990, and the historical results are encouraging.was the top performer of the three major indices. Over the first three quarters of 2019, the tech stock-heavy U.S. stock market benchmark jumped over 20%. That's been a bullish indicator for the market most of the times it has happened in previous years back to 1990.

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