What's Next for Tech Stocks? (3 Upcoming Catalysts to Watch)
Arm plc(ARM) Zacks Investment Research·2024-02-20 18:41
Over the past year, the tech-heavy Nasdaq 100 ETF ((QQQ) is up a robust 44.38%. The Nasdaq and the rest of the major market indices bottomed in late 2022, against all odds and amidst a cloudy macroeconomic backdrop. In classic form, the market was the master manipulator, bottoming while inflation was at 40-year highs, the Fed was raising rates, and tech stocks had been down-trending for months. The move higher in equities was a great example of how the market tends to discount the future and tends to turn w ...