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U.S. tech stocks shaken, but market not stirred
The five largest U.S. technology companies may have lost enough market capitalization over the past week to buy plane maker Boeing, but the benchmark S&P 500 stock index has managed to remain within a stone's throw of its record high. By Thursday the S&P 500 technology index had seen its largest five-day drop in a year. The slide was again led by sector heavyweights Apple and Alphabet, as investors moved away from what had been the year's best-performing sector and rotated portfolios into stocks that pay higher dividends amid some signs that U.S. economic weakness.
https://finance.yahoo.com/news/u-tech-stocks-shaken-market-233034098.html?.tsrc=rss
The five largest U.S. technology companies may have lost enough market capitalization over the past week to buy plane maker Boeing, but the benchmark S&P 500 stock index has managed to remain within a stone's throw of its record high. By Thursday the S&P 500 technology index had seen its largest five-day drop in a year. The slide was again led by sector heavyweights Apple and Alphabet, as investors moved away from what had been the year's best-performing sector and rotated portfolios into stocks that pay higher dividends amid some signs that U.S. economic weakness.
https://finance.yahoo.com/news/u-tech-stocks-shaken-market-233034098.html?.tsrc=rss
