Analysis:US stock turbulence throws spotlight on Big Tech's valuations

Quick Summary:

NEW YORK : A bruising selloff in U.S.stocks is putting a sharper focus on valuations of the tech names such as Nvidia and Microsoft that have driven markets higher for most of this year.

Despite a recent pullback, the S&P 500 tech sector is trading at 29.

Many investors will focus on the tech sector and the so-called Magnificent Seven megacaps that are heavily weighted in the S&P 500 and Nasdaq.

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Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Earnings Tech Year Market Investors Cent Valuations Stocks Average Microsoft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 18:02:14 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 920 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21823756

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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