The Dow Industrials Are Sitting Out the Stock Market’s Wild Ride

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The spread between the Dow and the Nasdaq Composite is the widest since 2000

The 30-stock index is up 2.4% in 2023 but is badly trailing the Nasdaq Composite Index, which has surged 14%. Largely home to technology and other growth stocks, the Nasdaq is off to its best start since 1991, and the spread between the indexes is the widest since 2000 for any year through Feb. 8.led the way last year

—consumer staples, utilities and healthcare—are among this year’s weakest performers. Meanwhile, the furious rally in tech stocks and other speculative assets is drawing comparisons to the pandemic-era bull market. “Both the bulls and the bears have been emboldened by this rally,” said Peter Atwater, author of investor-sentiment-focused newsletter Financial Insyghts. “I don’t sense any level of capitulation on either side.”

High inflation and the resulting surge in interest rates wreaked havoc in financial markets last year. Investors took shelter in blue chips such as

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

But Dow didn't plunge 30%.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

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