The benchmark S&P 500 has gained nearly 6% so far in the first quarter, with the technology sector up about 20% while the financials index is set for its worst quarter since June.Īt 9:46 a.m. The Nasdaq is set for its biggest quarterly percentage gain since the end of 2020 as investors shifted toward major technology and growth stocks from financial stocks amid fears of a bank contagion, while the cyclicals-heavy Dow Jones is in the red. banks and signs of trouble in some European banks, as well as a repricing of interest rate expectations from the Fed. The broader Philadelphia semiconductor index fell 0.5%.įriday will cap a turbulent first quarter for stocks, marked by sticky inflation, shockwaves from the collapse of two regional U.S. Limiting gains on the S&P 500, Micron Technology dropped 3.0% after news that China was set to review the chipmaker's products sold in the country. 10-year Treasury yields fell to a session low of 3.51% after the data, major growth names like Apple Inc, Meta Platforms and gained between 0.3% and 0.8%.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |