Connect with us


Tech Titans Help Drive Stock Gains But Wall Street Leads



stock gains
What is making US investors excited? Picture courtesy of Newsweek

Tech titans are helping drive stock gains in the Nasdaq and S&P 500, reference points for market performance any given day, but it is still Wall Street that is in front.
This is even while the Asian markets were on a dive down, and growing optimism for profits for traders in the United States.
Somehow, anxiety over inflationary trends have been softened by the input of the tech titans to the capital market,
If the Consumer price Index (CPI) is anything go by, then the US investing market needs not to worry.

It is on the green if recent reports are anything to go by, but generally, caution is still not totally out of consideration.
Reaching new all-time highs in March, the S&P 500 has finished its best first quarter since 2019.

READ ALSO: 5 Skills Needed In Stock Market Jobs In Canada – Jobs In Canada


The S&P 500 surpassed previous feats, posting a total return of 3.2% in March, despite concerns about economic recession
Aside that the tech titans may be saying or doing, the stock gains is at the driving seat of investors’ increasing confidence in the market, and commendations from regulators.

In addition to big gains for the S&P 500, a report in Forbes Advisor, has observed, “an ongoing rally in artificial intelligence related stocks and dovish commentary by Federal Reserve officials drove the Dow Jones Industrial Average higher by 6.1% and the Nasdaq higher by 9.3% in the first quarter.

“The technology, consumer cyclical and consumer defensive sectors led the market gains in the first quarter, each generating total returns of around 8% or more. The stock market rally has been broad-based, with only the real estate sector finishing the quarter in the red”.


READ ALSO: Foreign Exchange Market: CBN Rolls Out Dos & Don’t For Commercial Banks

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *