NewsFeeder
06-02-2017, 10:40 PM
As large cap gets larger, can the tech rally continue?
The technology sector of the S&P 500 (.SPLRCT) has risen roughly 20 percent so far in 2017, led by Apple (AAPL.O), Alphabet (GOOGL.O), Facebook (FB.O) and Microsoft (MSFT.O). The only other company with comparable gains in market value this year is Amazon (AMZN.O), a market darling not in the tech sector despite being a big player in cloud services and data storage. "These are the dominant players in their specific spaces and the hottest areas in tech," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, highlighting their exposure to the cloud and artificial intelligence.
https://finance.yahoo.com/news/large-cap-gets-larger-tech-003917263.html?.tsrc=rss
The technology sector of the S&P 500 (.SPLRCT) has risen roughly 20 percent so far in 2017, led by Apple (AAPL.O), Alphabet (GOOGL.O), Facebook (FB.O) and Microsoft (MSFT.O). The only other company with comparable gains in market value this year is Amazon (AMZN.O), a market darling not in the tech sector despite being a big player in cloud services and data storage. "These are the dominant players in their specific spaces and the hottest areas in tech," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, highlighting their exposure to the cloud and artificial intelligence.
https://finance.yahoo.com/news/large-cap-gets-larger-tech-003917263.html?.tsrc=rss