Wall St Week Ahead Soaring U.S. tech stocks leave some investors doubtful rebound will last

Tech and tech related companies that represent less than one-fifth of the S&P 500 have so far accounted for over half of the negative profit revisions for the fourth quarter, according to Credit Suisse.

One key factor is whether Treasury yields, which move inversely to prices, continue this week's stunning decline. Higher yields can weigh heavily on tech and growth stocks, whose valuations tend to be based heavily on future profits that are discounted more severely as yields go higher. King Lip, chief strategist at Baker Avenue Asset Management, described Thursday's CPI news - with the annual increase below 8% for the first time in eight months - as a "big deal." If bond yields continue to fall, "the pace at which people are reducing their exposure to these large-cap tech names is going to slow down," he added.

Long China’s tech, cheap and potential.

🤡

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

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

Stocks mixed as Wall Street closes strong week; crypto falls | amNewYorkWall Street is largely holding onto its stupendous surge from a day before, and stock indexes are mixed Friday to keep them on track for a strong gain for the week.
Source: amNewYork - 🏆 336. / 59 Read more »

Cramer’s week ahead: The market needs weak retail sales data to stay strongEarnings reports from the country's biggest retailers take center stage next week, as does retail sales data for October. You still listen to this…?😂 Failure is now success…success is failure. Nothing matters anymore. Fire Jerome now. Thats ridiculous but he is ridiculous.
Source: CNBC - 🏆 12. / 72 Read more »