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Thursday, December 1, 2022

Nasdaq is poised to underperform S&P 500 for first time since 2016 as investors shun tech stocks | CNBC

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Except, for now, tech investors have always been the life of the party on Wall Street. This comes after the Nasdaq Composite, which is heavily weighted in technology, has gained 23% this year, following the S&P 500, which has gained 28% through Monday. In 2016 and 2011, the S&P 500 outperformed the Nasdaq for the first time. The energy was the best-performing segment of the S&P 500 this year, owing to rising gas prices. There are four days left for tech stocks to fill in the gap, but the last week of the year doesn’t usually deliver much news that would prompt a large surge.

Source: https://www.cnbc.com/2021/12/28/nasdaq-is-poised-to-underperform-sp-500-for-first-time-since-2016.html?__source=sharebar|twitter&par=sharebar

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