From the Morningstar update this morning. Big tech has perhaps peaked and BC may get caught up in the retreat.
"Stocks on Wall Street closed near break-even on Friday as investors sold technology shares that have rallied through the pandemic and rotated into cyclical stocks set to benefit from pent-up demand once the coronavirus pandemic is subdued. Industrials led rising sectors in the S&P 500, spurred by a 9.9 per cent surge in Deere & Co and Caterpillar's 5.0 per cent gain to an all-time peak of $211.40 a share. Financials, materials and energy, along with industrials, rose more than 1 per cent.The S&P 1500 airlines index jumped 3.5 per cent, with post-pandemic travel in focus. The stay-at-home winners, including Microsoft Corp, Facebook Inc, Alphabet's Google and Netflix Inc, fell in a trend seen for most of the week. Amazon.com Inc also fell, as investors sold the leaders in the big rally since last March."
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From the Morningstar update this morning. Big tech has perhaps...
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