FYI: Technology stocks are racing toward their best year in a decade, underscoring investors’ interest in companies offering everything from memory chips to social-media platforms.
Investors have favored shares of rapidly growing, relatively pricey companies over their more low-valued counterparts for much of the more-than-decadelong bull market.
Although the latter group has rebounded over the past three months, technology stocks remain the market’s leaders: The S&P 500 technology sector’s 41% gain for the year has put the group well above the S&P 500’s 25% climb and on course for its biggest one-year advance since 2009.
Regards,
Ted
https://www.wsj.com/articles/technology-stocks-head-toward-best-year-since-2009-11574159401?mod=hp_lead_pos2
