News Formal

Dip buyers flock to tech funds after earnings spark rout

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Bargain hunters jump on quarterly disappointments

Bargain hunting drove investors to exchange-traded funds tracking technology companies after shares fell sharply on mixed earnings from heavyweights.) among its top holdings, saw net inflows of $694 million in the week ended Oct. 25, according to Lipper data, its best performance in over a year.

The fund’s price fell nearly 4% in the week, as mixed results from megacaps like Alphabet weighed on the sector. Tech-heavy Nasdaq gained 20% since the start of the year, supported by rallies in the “Magnificent 7″ tech stocks on optimism around artificial intelligence.

 

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

 /  🏆 5. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dip buyers flock to tech funds after earnings spark routExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Six bargain-priced TSX stocks with juicy dividendsWe are looking for bargain, high-yielding stocks set to gain as the Bank of Canada keeps its benchmark interest rate steady
Source: globeandmail - 🏆 5. / 92 Read more »