Tech: A Sector to Avoid...At Least Today
The rumors continue to swirl about the possibility of a speculative tech bubble, with what is seen as a crowded market for internet IPOs. But bubble or no bubble, the tech sector isn’t looking good these days.
As of the close on Friday, tech is negative for the year. The Nasdaq Composite Index is down -.34% year-to-date, while the Dow is up 4.42%, and the S&P 500 is up 1.93%.
And tech sector is lagging behind other sectors, down -.2% year-to-date (only financials have seen a greater decline so far this year).Read more