Wall St Week Ahead: Surging US megacap stocks leave some wondering when to cash out

TheStar Sat, Jun 03, 2023 08:29am - 10 months View Original


Hatfield, CEO of hedge fund InfraCap, believes excitement over AI will keep boosting megacap stocks.

NEW YORK: As the US stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride.

A record US$8.5 billion flowed into tech stocks in the latest week, data from BofA Global Research showed, as investors piled into a rally that has seen the tech-heavy Nasdaq 100 gain 33% in 2023. The benchmark S&P 500 has risen 11.5% this year and stands at a 10-month high.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Comments

Ah Choon Wong
Like · Reply
Only the 7-8 Mega Tech Stocks gain, other small and mid-cap tech. stocks still suffer heavy lost in their share price since last year Ogos…….

Login to comment.