Nasdaq is poised to underperform S&P 500 for first time since 2016 as investors shun tech stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

As of Monday's close, the Nasdaq was up 23% for the year, while the S&P 500 had gained 28%. The last time the S&P 500 topped the Nasdaq was 2016.

, which has climbed 28%, through Monday. The last two times the S&P 500 topped the Nasdaq occurred in 2016 and 2011.

Tech stocks have four days left to make up that difference, but the last week of the year doesn't tend to bring much news that would spur an outsized rally. Indexes wereThe Nasdaq started 2021 strong, picking up where it left off in 2020, almost doubling up the S&P 500's gains by mid-February. Then trading tailed off with the arrival of the first Covid-19 vaccines, which raised hopes among investors that the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don't believe the figures. I only believe my own heart FAKENEWS WEFGate inflation

United States United States Latest News, United States United States Headlines