NewsFeeder
10-10-2018, 04:30 PM
[$$] Quickening Retreat From Tech Sinks Market
U.S. stocks suffered their biggest decline in more than seven months Wednesday, as investors accelerated their retreat from fast-growing technology stocks in favor of shares that have been overlooked. Major indexes have started the fourth quarter on their weakest footing since the beginning of 2016, and the swift fall has some investors wondering if this is a brief stumble or an overdue reckoning for U.S. stocks after months of outperforming global markets. The rotation out of tech and other growth stocks—among the most popular trades of the year—to so-called safety stocks, such as utilities companies, was sparked in part by the recent jump in government bond yields and the Federal Reserve’s bid to tighten monetary policy.
https://finance.yahoo.com/m/d198ee16-c7ca-3a89-b020-b5e7a502ac56/%5B%24%24%5D-quickening-retreat-from.html?.tsrc=rss
U.S. stocks suffered their biggest decline in more than seven months Wednesday, as investors accelerated their retreat from fast-growing technology stocks in favor of shares that have been overlooked. Major indexes have started the fourth quarter on their weakest footing since the beginning of 2016, and the swift fall has some investors wondering if this is a brief stumble or an overdue reckoning for U.S. stocks after months of outperforming global markets. The rotation out of tech and other growth stocks—among the most popular trades of the year—to so-called safety stocks, such as utilities companies, was sparked in part by the recent jump in government bond yields and the Federal Reserve’s bid to tighten monetary policy.
https://finance.yahoo.com/m/d198ee16-c7ca-3a89-b020-b5e7a502ac56/%5B%24%24%5D-quickening-retreat-from.html?.tsrc=rss