Investors hoping for a January bounce in the S&P 500 may have to be patient because the gigantic tech companies that account for a fifth of the index could have further to fall. While the S&P 500 fell 19% last year, the Nasdaq Composite, heavily exposed to tech, dropped 33%. Rapidly rising interest rates led to investors placing less value on high-priced growth stocks, but tech shares’ troubles now go beyond that.
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AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.
