Technology and Internet stocks have been among the standout performers in 2020, but the scale of their advance has underlined concerns over valuation.
Browsing: Nasdaq
Hedge funds have pulled back from one of the biggest short positions in US tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.
Some of Wall Street’s biggest players are viewing the stock market’s recent tech-led selloff as a bout of turbulence rather than the start of a longer slide – and they don’t see it as a reason to run for the door.
Halfway through 2020, the Nasdaq 100 Index is not only back in positive territory, but is headed for a year that ranks with its best of the last two decades.
With $2-trillion added since Christmas, the Nasdaq 100 has a shot at beating the market for the 10th time in 11 years. But it may be taking on dot-com-era trappings.
The Nasdaq 100 closed at a record of 7 680.72 on Wednesday, surpassing its August 2018 peak and extending its year-to-date gain past 21%.
Spiralling losses in technology shares have pushed the Nasdaq Composite Index to the precipice of becoming the first major US stock gauge to enter a bear market since 2009.
Is the rout ripping through technology stocks just another garden variety correction? In the long sweep of history, yes. But compared only to selloffs since the bull market began, it’s starting to get extreme.
The cryptocurrency industry is plagued by scandal. Stock exchange operator Nasdaq says it can solve the problem.
Erroneous prices of Nasdaq stocks, including some of the world’s biggest technology companies, flooded traders’ screens after the US market shut early on Monday before a holiday. The prices were distributed by third-party