Wall St Week Ahead Soaring U.S. tech stocks leave some investors doubtful rebound will last
Source: Reuters
NEW YORK, Nov 11 (Reuters) - Hopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though some investors believe still-high valuations and doubts over the companies' earnings outlooks may make a sustained reversal elusive.The tech-heavy Nasdaq Composite index (.IXIC) rose 8.1% this week to notch its biggest weekly gain since March, one of several eye-popping market moves…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at Reuters