REUTERS SUMMIT-Technology investors fear regulators' net [Reuters (UK)]
Meta Platforms, Inc. - Class A (FB)
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Source: Reuters
Technology investors fear regulators' net | Reuters 5 Min Read NEW YORK (Reuters) - Increased regulation of U.S. technology companies is one of the biggest risks to a sector that has led stocks higher, potentially derailing the market’s near-decade-long bull run if it suffers a sustained selloff. The S&P; 500 tech sector .SPLRCT has risen 5 percent in price terms this year, outpacing the S&P; 500 .SPX which has gained 1 percent. Speaking at the Reuters Global Investment 2019 Outlook Summit in New York, Pacific Investment Management Co Global Economic Advisor Joachim Fels said potential increased regulation of social media companies remains one of the major downside risks to higher equities. “It is something to focus on as a risk because tech has been leading the stock market,” said Fels. “It’s leading on the way up but also on the way down so that’s something to be focused on the risk of regulatory action.” New data privacy laws in the European Union have already raised costs for tech
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