Stock market outlook: Be cautious on Big Tech despite Nasdaq strength

to start the year, but a key historical pattern suggests there's reason to be cautious on the tech-heavy index moving forward, according to DataTrek Research.

The Nasdaq could just be catching up after it bottomed later than the S&P 500 last year, DataTrek co-founders Nicholas Colas and Jessica Rabe point out in a Thursday note. Tech sector layoffs also may be improving the earnings outlook for those stocks. In that span, there have been 12 instances where the Nasdaq has outperformed by 5 percentage points or more. In every instance, the Nasdaq then went on to underperform the S&P 500, they said.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Stock Market Today: Dow Closes Lower, Nasdaq Gains After Powell's TestimonyBreaking: Silvergate Capital, one of the top crypto banks, is shutting down. It said it will repay all deposits. hoss_crypto HKCM1 Crypto... 'BANK' 🤣
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow Drops 250 Points in Midday TradingThe four biggest U.S. banks lost $47 billion of market value today, part of a broad rout across financial stocks Maybe employees should be held personally accountable for these losses. 🤑
Source: WSJ - 🏆 98. / 63 Read more »