Tech's blues continued Friday as the Wall Street stalwart led the broader market to its third straight weekly decline.
 | FRI, SEP 18, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 106.84 | -3.50 | -3.17% | | MSFT | 200.39 | -2.52 | -1.24% | | INTC | 49.89 | -0.43 | -0.85% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 106.84 | -3.50 | -3.17% | | GE | 6.88 | -0.17 | -2.41% | | WFC | 25.13 | +0.02 | +0.08% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 106.84 | -3.50 | -3.17% | | TSLA | 442.15 | +18.72 | +4.42% | | AAL | 13.19 | -0.44 | -3.23% | |
| |
Tech's blues continued Friday as the Wall Street stalwart led the broader market to its third straight weekly decline. Apple dropped more than 3% and Alphabet pulled back by 2.4%. Amazon and Microsoft each slid more than 1%. Facebook shares were down 0.9% and Netflix posted a slight loss. The six stocks were down sharply for the week. At the S&P 500 sector level, tech fell 1.7% on Friday. Those declines pressured the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite and cemented their three-week losing streaks. Before this week, the major averages had not fallen for three straight weeks since October 2019.  Tech had been the best-performing sector prior to this recent downturn, as investors increased positions in these names amid changing behavioral dynamics due to the coronavirus pandemic. Many of these companies also have strong balance sheets and generate massive amounts of cash, making them even more attractive investments. "Since the peak of the pandemic, the market narrative has been dominated by the transition to a 'new normal,'" said Mark Haefele, chief investment officer at UBS Global Wealth Management, in a note. "Yet, with recent gains in broad equity indexes concentrated in relatively few stocks … we think that for markets to move materially higher in the near term we will need to see less of the 'new normal.'" Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
Tidak ada komentar:
Posting Komentar