Wall St Week Ahead-Tech stock rebound faces doubters with earnings season ahead

11 days ago Business Recorder

The tech-heavy Nasdaq 100 index has gained nearly 6.2% in 2023, compared to a 3.45% rise for the S&P 500. The Nasdaq 100 fell 33% in 2022, while the S&P 500 lost 19.4%. Apple, the largest U.S. company by market value, and Google-parent Alphabet report the following week. The S&P 500 tech sector still trades at a roughly 19% premium to the broader index, above its 7% average of the past 10 years, according to Refinitiv Datastream. The firm expects an economic downturn and believes many tech companies have businesses that are resilient to economic uncertainty, said Sameer Samana, a senior global market strategist there.
Continue reading...

Read On "Business Recorder"
More News On "Business Recorder"
BREAKING NEWS
37 minutes ago - Tennis star Kyrgios to contest Australian assault charge 39 minutes ago - Mercedes tech chief not 'a huge fan' of 2022 F1 regulations, claims they have not led to closer racing 40 minutes ago - Tennis Star Nick Kyrgios Admits Assaulting Ex-Girlfriend But Avoids Conviction 46 minutes ago - Blues Brothers 2000: Goofy sequel to cult hit gave viewers the blues 48 minutes ago - Cork's John Lydon says he's singing from the heart on Late Late Show Eurosong special tonight 50 minutes ago - Ashley Roberts and Emily Atack lead the glamorous departures from BAFTAs Vanity Fair party 52 minutes ago - Sonos Move review: a Bluetooth smart speaker with Alexa Built-in 52 minutes ago - Six Nations Fantasy: Six premium players who are worth the price tag 53 minutes ago - Eurovision 2023: John Lydon 'shaking' as he makes bid for Ireland 53 minutes ago - Breitling launches dynamic, limited-edition watch range dedicated to Six Nations Rugby 59 minutes ago - Virtual Reality in Tourism Market is expected to witness impressive growth between 2023 and 2028 | Including 108 Pages Report 59 minutes ago - Air Bed Market Is Expected to Increase with Positive Growth Rate, Owing to the Adoption of the Modern Advertising Technology 1 hour ago - Nick Kyrgios admits assaulting girlfriend: ‘I’m sincerely sorry’ 1 hour ago - Sons share update with new picture of Sarah Beeny ahead of her cancer surgery 1 hour ago - Festival mood hits Joburg – welcome to The Championships 1 hour ago - What is a suspected Chinese spy balloon doing above the US? 1 hour ago - F1 team boss claims Mohammed ben Sulayem 'has to go' as pressure mounts on FIA 1 hour ago - What Are Dividend Contenders? Investing in Dividend Contenders 1 hour ago - Ryan Tubridy Skipped Toy Show The Musical 1 hour ago - Global PC Films Market Upcoming Trends and Business Opportunities 2023-2030 1 hour ago - ‘Why, why, why?’ – 9 famous songs that were banned 1 hour ago - When Lewis Hamilton responded to having Max Verstappen as a potential teammate: "If there is a chance..." 1 hour ago - SC issues notice to Centre on pleas against blocking of BBC documentary 1 hour ago - As dancers leap, ballet members hope hearts flutter for Ukraine 1 hour ago - Blinken gave Netanyahu a ladder for his gov't, will he take it? 1 hour ago - Tech giants fall – Daily Business 1 hour ago - Why I remain bullish on the Shell share price 1 hour ago - Chinese spy balloon flying over US airspace, says Pentagon 1 hour ago - Global Recommendation Engine Market Comprehensive Research Report 2023 | Latest Trends, Key Players, Opportunities, Risks Factors Analysis and Forecast to 2029 1 hour ago - Shorter season having no impact as GAA back on commercial track 1 hour ago - Time to talk terms: key Arsenal trio among 20 best players out of contract in 2024… 1 hour ago - Massive ‘Stonehenge of the North’ opens to the public 1 hour ago - China's crackdown cost Apple $6 billion in iPhone sales last quarter 1 hour ago - Today's rugby news as Wales players 'on edge' around Warren Gatland and world star quits overnight 1 hour ago - Red Bull set to announce Ford power unit partnership after media leak 1 hour ago - Rita Ora flashes giant engagement ring for the first time in public 1 hour ago - The media blackout over Qatargate 1 hour ago - Federal Govt Saves N45.7bn From Digitalisation Of IT Project Clearance – Buhari 1 hour ago - Why the Church is Israel’s best friend against Iran 2 hours ago - Graham Potter exclusive: Chelsea head coach explains how their January transfer window mega spend has changed the club's direction 2 hours ago - Chelsea revolution plans to turn their glut of signings into household names 2 hours ago - Santos is product of voting trends 2 hours ago - Amazon Christmas marketing push pays off with higher net sales 2 hours ago - Davis Cup holds first qualifiers after ending partnership with Kosmos 2 hours ago - Ben Shephard thinks Rishi Sunak 'felt more human' in Piers Morgan chat 2 hours ago - Spy Balloon: US Loved to Use Them in Cold War. Now, China Becomes a Copycat Adversary 2 hours ago - Gaming Innovation Group completes a deal with Ontario land-based group to power Casino Time 2 hours ago - PM Shehbaz says IMF giving Pakistan tough time over unlocking loan 2 hours ago - “There are so many questions” - Chris Sutton predicts Chelsea vs Fulham and makes interesting Jorginho claim 2 hours ago - Google, Apple disappoint as tech earnings hit by gloom 2 hours ago - 40! Unstoppable Azuolas Tubelis has a career night as No. 5 Arizona obliterates Oregon 2 hours ago - Cristiano Ronaldo receives 'High Prestige Sports Merit' award from the Portuguese Football Federation 2 hours ago - VCU vs Saint Louis Pick, Preview & Betting Odds For Friday, February 3rd 2 hours ago - Iran blames Israel for drone attack; threatens retaliation 2 hours ago - Green Hydrogen Market: From Research to Real-World Applications 2 hours ago - Religion news 3 February 2023 2 hours ago - John Lydon ‘shaking’ as he competes to become Ireland’s Eurovision entry 2 hours ago - ‘Dangerous and damaging’: Six-tonne North Sea oil spill in marine area 2 hours ago - Chinese ‘spy balloon’ stirs in the sky above the US nuclear silo… “A provocation that ignores sovereignty” 2 hours ago - LONDON MARKET EARLY CALL: FTSE called down as tech earnings disappoint
free geoip