Tech Stocks Are Getting Hammered—Why Experts Say That's 'Healthy' [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Accelerating earnings growth outside of the Magnificent Seven has taken some of the sheen off Big Tech stocks, pressuring the market's largest stocks but buoying long-neglected corners of the market. It might be hard for investors to feel upbeat while the major indexes are being hammered by tumbling tech stocks . But that's exactly how some experts are reacting to the rout. “I actually think what we're seeing in markets so far this year is very healthy,” said Stephen Parker, co-head of global investment strategy at JPMorgan Private Bank, in an appearance on CNBC Wednesday. At the index level, the year so far is looking like a wash. The S&P 500 is up less than 1% since the start of the year after a volatile January. The tech-heavy Nasdaq ended Tuesday's session flat for the year, and was down 2% in mid-afternoon trading Wednesday. Tech stocks have been the driving force behind stock market gains for most of the bull market that began in late 2022. But unease over artificial in
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