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Fed, Netflix earnings cast clouds over tech-stock surge

There’s growing concern on Wall Street that the twin engines of this year’s tech-stock surge are at risk of sputtering. That was evident Thursday, when the technology-heavy Nasdaq 100 Index dropped by the most in five months as disappointing earnings reports from Netflix Inc. and Tesla Inc. dampened the outlook…
Gina Martin Adams Cheryl Smith Eric Diton Jerome Powell Netflix Inc Microsoft Corp

History Says Big Tech's Dominance Over US Stocks Poses No Risk

(Bloomberg) -- Wall Street strategists are increasingly voicing concerns about the concentration of Big Tech stocks in this year’s stock-market rally. But if history is any guide, there’s little reason to fear.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionWall Street Soothsayers Are Bewildered About What’s NextKremlin Says Turkey’s Return of Azov ...
Nancy Tengler Bloomberg Businessweek Gillian Wolff Eric Diton Jimmy Lee Broadcom Inc
Source: yahoo.com

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