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Surging Tech Stocks Nearly Push Nasdaq Out of the Red

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The Nasdaq Composite is on the cusp of recouping all of its losses for the year as investors bet technology stocks will lead the way to recovery

The Nasdaq Composite stock index is on the cusp of recouping all its losses for the year.

The index, which is powered by big tech companies such as Microsoft Corp., Apple Inc., Amazon.com Inc., Alphabet Inc. and Facebook Inc., was off as much as 24% year to date in late March during the coronavirus-driven market rout. It has rebounded sharply since then, cutting its losses for 2020 to just 0.6%.

 

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We hit 22% unemployment today. What planet are investors living on?

Because nothing is wrong with the producers or consumers if given a chance to spend.

So you’re telling my tech stocks are now more expensive than they were during the dot com bust? Sounds like I should buy so I don’t miss out

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