Slump for tech stocks could open the door for tactical trades in fourth quarter, investors say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 72%

Microsoft Corp Nyheter

NVIDIA Corp,S&P 500 Index,Russell 2000 Index

The Nasdaq Composite lagged other major averages in the third quarter, with Nvidia and Microsoft both losing ground.

The tech trade lost some of its steam over the summer, and that could create opportunities for tactical trading in the fourth quarter, several investors told CNBC. The Nasdaq Composite rose 2.6% during the third quarter, lagging behind both the broader S & P 500 's gain of 5.5% and the small Russell 2000's jump of 8.9%. Nvidia and Microsoft , two stalwarts of the artificial intelligence trade, were down over the three-month period.

mountain Shares of Nvidia fell in the third quarter even as the broader market moved higher. Still, many investors are cautious of abandoning the tech trade completely even after a few bumpy months. "In the third quarter we definitely saw that rotation and some of the tech leaders lagging. In the month of September alone, though, it kind of reversed a bit. ...

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

10 things to watch in the stock market Friday including a bullish call on Best BuyWall Street is on track for weekly gains, led by the tech-heavy Nasdaq Composite.
Källa: CNBC - 🏆 12. / 72 Läs mer »

How Stocks Have Historically Performed Post ElectionStocks Analysis by ValueWalk (Dave Kovaleski) covering: Nasdaq 100, S&P 500, NASDAQ Composite. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Stock market today: Wall Street drifts as Oracle soars and banks and oil slumpU.S. stocks drifted to a mixed close following several weeks of sharp swings
Källa: latimes - 🏆 11. / 82 Läs mer »

Stock Market Today: S&P 500 rebounds from last week's slump; inflation data eyedStock Market Today: S&P 500 rebounds from last week's slump; inflation data eyed
Källa: Investingcom - 🏆 450. / 53 Läs mer »