Tech could possibly be the catalyst to raise the inventory market to new highs

The Charging Bull or Wall Road Bull is pictured within the Manhattan borough of New New York, January 16, 2019. Carlo Allegri | Reuters The S&P 500 might quickly head to a brand new excessive if tech shares can act as a booster to the broader market as a substitute of a drag. For the


The Charging Bull or Wall Road Bull is pictured within the Manhattan borough of New New York, January 16, 2019.

Carlo Allegri | Reuters

The S&P 500 might quickly head to a brand new excessive if tech shares can act as a booster to the broader market as a substitute of a drag.

For the week, tech has gained 1.3%, although it was barely unfavourable Thursday. For the yr, tech is likely one of the three worst sectors, up simply 5.6% versus the 11.8% achieve within the S&P 500.

“The query is was {that a} damaged bounce in these names and is it virtually over, or might they maintain a transfer over the subsequent few weeks which might additionally maintain sentiment for the S&P to hit new highs heading into the Fed assembly June 16,” stated Scott Redler, accomplice with T3Live.com.



Supply hyperlink

The Fund Times
ADMINISTRATOR
PROFILE

Posts Carousel

Leave a Comment

Your email address will not be published. Required fields are marked with *

Latest Posts

Top Authors

Most Commented

Featured Videos