The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

 
During the first bear market of the 2000’s, it was the tech stocks that led markets lower but…

during the credit crunch era, tech stocks held their own as traditionally ’safe’ sectors such as banking collapsed.

Now tech stocks are taking the lead, easily outpacing other sectors as the credit crunch begins to wane.

The Nasdaq 100 (aka US Tech 100) is the home of the world’s biggest tech companies from Amazon to Apple.

By contrast the older Dow Jones (Wall Street) is made up of more traditional companies such as General Electric, and until recently, the banks.

Last night the Nasdaq 100 broke to new highs for the year, but yesterday’s performance was no flash in the pan.

The Nasdaq is now just 13% below its 2007 high vs -24% for the Dow Jones (Wall Street) and -26% for the wider S+P 500.

Will the Tech Stocks continue to charge higher?

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.