News Formal

Tech Stocks Are Trying to Break Out. What They Need to Make It Happen.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The Nasdaq 100 has risen almost 5% from the low point it hit in a slump this month, but lower bond yields don't seem to be providing much fuel anymore.

The next milestone in technology stocks’ current rebound would be for the shares to reach record levels, but they will need new fuel to get there.

The other key to the recent bounce is that the yield on 10-year Treasury debt has fallen to just over 4.1% from the multiyear peak of just over 4.3% it hit this summer. Lower bond yields make future profits more valuable in current terms, and investors buy the tech stocks for the earnings they are expected to bring in years from now.

That is a signal that valuations—the amount investors are willing to pay for each dollar of future earnings—are high. The Nasdaq 100 is trading at about 24.6 times the aggregate earnings its component companies are expected to bring in over the next 12 months, compared with just over 20 times in October 2022, the last time the 10-year yield was above 4%. A steeper decline in the 10-year yield likely would be needed to push valuations much higher.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock Market Today: Dow, Nasdaq Close Higher; Tech Stocks RallyLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »

Stocks rise, as the market looks to earnings for 2 Club tech namesThe Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

U.S. crude stocks plunge 11M barrels last week; fuel stocks upU.S. crude stocks plunge 11M barrels last week; fuel stocks up - API
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Japanese stocks rise for third day as Hong Kong stocks hold steadyStocks in the Asia-Pacific region increased Wednesday, Aug. 30, the Japanese market showing a third day of increases. Hong Kong stocks were flat, with the...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Chinese Stocks Are in a Slump—and Value Investors Are ExcitedWhile U.S. stocks have soared, those of Chinese companies have tumbled. Some investors are sensing an opportunity.
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »